The Government has approved 5,397 loan applications from small and medium enterprises (SMEs) worth RM1.072 billion to support businesses under the PENJANA SME Financing Scheme as at Dec 4, 2020. This was higher than the 5,301 loan applications worth RM1.085 billion approved last week. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the Government had also received 519 applications from SMEs for the PENJANA Tourism Financing Scheme, out of which 236 applications worth RM47.6 million were approved. “With the reopening of interstate borders, this financing is expected to help SMEs in need of funds in the near future,” he said.
On PENJANA Micro Credit Financing under Bank Simpanan Nasional (BSN), he said a total of RM253.1 million had been channelled to benefit 7,252 micro SMEs in the retail and services sectors as at Dec 4. He said to stimulate economic growth in the agriculture and food sectors, the Government had disbursed RM57 million in revolving capital injections to 5,796 agricultural micro SMEs under the Agrobank Micro Credit Financing Scheme.