by TMR / pic by TMR FILE

BANK Negara Malaysia (BNM) said that eligible borrowers who  wish to apply for URUS can approach their banks starting from November 15 2021 to 31 January 2022. 

“BNM has been working with AKPK to put in place a holistic debt management  and financial planning solution. The aim is to provide appropriate support to  borrowers so that they not only meet their loan obligations but importantly,  return to a firmer financial footing. This will strengthen the financial resilience of  borrowers in the longer term,” said Governor Datuk Nor Shamsiah Mohd Yunus (picture).

For SMEs, further enhancements to BNM’s Fund for SMEs will be announced  during the upcoming Budget 2022. These enhancements to the Fund will help  businesses manage cashflows and reposition themselves with the reopening  of the economy, the central bank said.

Efforts are also underway to develop alternative debt-equity and blended financing  initiatives to enable SMEs have access to a wider range of appropriate  financing options across their growth cycle.