Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said 3,058 small and medium enterprise (SME) applications, involving a loan value of RM742.8 million, have been approved under the Penjana SME Financing Scheme. The government has allocated RM2 billion for the facility, with priority given to SMEs that have never received any financing from banks. The maximum loan size is RM500,000 per SME.
Tengku Zafrul said in addition, the government had disbursed RM73.6 million under the Tekun Business Recovery Scheme, benefiting 11,059 micro SMEs. Tengku Zafrul said schemes under the Penjana package helped to provide access to financing in order to alleviate SMEs’ short-term cash flow burdens. “SMEs, as an important component in the country’s economic growth, are prioritised to ensure business continuity,” he said.
On Penjana Micro Credit Financing under Bank Simpanan Nasional (BSN), he said a total of RM55.31 million had been disbursed, benefiting 1,480 SMEs and micro SMEs.