RM12.06b of BNM’s soft loans approved for SMEs, says Tengku Zafrul

by SHAHEERA AZNAM SHAH / pic by TMR FILE

ABOUT RM12.06 billion of soft loans for small and medium-sized enterprises (SMEs) facilitated by the central bank has been approved by local lenders, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (picture).

Tengku Zarul said the soft loans are benefiting 25,605 SMEs through funds including Special Relief Facility (SRF), SME Automation and Digitalisation Facility (ADF), All Economic Sectors (AES) Facility and Agrofood Facility (AF).

“As of May 28, 2021, RM12.06 billion of soft loans funds operated by Bank Negara Malaysia for SMEs have been approved by the local banks and agreed to be accepted by the businesses.

“Even though the SRF funds have been completely utilised, SMEs can still apply other types of schemes under BNM funds such as ADF, AES and AF.

“They could also seek financial assistance at other platforms such as at imSME,” he said while presenting the 55th Implementation and Coordination Unit Between National Agencies (LAKSANA) report on Facebook today.

Meanwhile, he said a total of RM5.08 billion has been allocated for almost 1 million mico-SME through the Geran Khas Prihatin (GKP) Geran Khas Prihatin (GKP), includes all three stages of GKP disbursement since the Covid-19 pandemic started,

“The allocation was announced through the Strategic Programme to Empower the People and Economy (PEMERKASA) initiative on March 17, which saw RM1,000 will be given as a once-off to 1 million micro-SMEs, and additional RM500 is allocated and was announced during PEMERKASA+ on May 31,” he said.

Tengku Zafrul added that the payment will be credited directly to the bank accounts registered with the GKP system and the applicants could begin checking the approval on June 8, 2021.