RM11.75bil for 24,824 SMEs under Penjana, says minister

Tengku Zafrul Aziz says SMEs can also apply for matching financing through the SME platform.

KUALA LUMPUR: The Small and Medium Enterprise (SME) Soft Loan Fund under the National Economic Regeneration Plan (Penjana) has already benefitted 24,824 SMEs with financing amounting to RM11.75 billion as of March 19.

Finance minister Tengku Zafrul Aziz said among the facilities under which the funds were disbursed are the Special Relief Facility, Automation and Digitalisation Facility (ADF), and the All-Economic Sector Facility (AES).

In order to help Bumiputera entrepreneurs, he said the government has through Perbadanan Usahawan Malaysia Bhd offered Bumiputera Relief Fund assistance amounting to RM200 million for the SMEs involved, with between RM100,000 to RM1 million being channelled to 675 SMEs to date.

“Although the Special Relief Facility funds have been fully utilised, the Bank Negara Malaysia fund still offers ADF, AES and agrofood facility funds as well as other financing that are still available.

“SMEs can apply for matching financing through the SME platform,” he said of the online SME financing/loan referral platform which was launched in February 2018.