New and enhanced financing facilities for SMEs affected by COVID-19Embargo : For immediate release Not for publication or broadcast before 2141 on Tuesday, 1 December 2020
01 Dec 2020
Bank Negara Malaysia (BNM) wishes to provide further information on the implementation of two funds, as announced in the Budget 2021 speech by the Minister of Finance.
Interested SMEs can apply directly to the PFIs for the TRRF, which comprise commercial banks, Islamic banks and development financial institutions regulated by BNM via their websites or by visiting the PFIs’ branches. For the MEF, interested micro enterprises can apply directly to the PFIs under the Skim Pembiayaan Mikro.
Details of the High Tech Facility (HTF) will be announced on 15 December 2020.
Members of the public can contact BNMTELELINK for further information and advice on issues that they might face with their banks in this challenging time at firstname.lastname@example.org or 1-300-88-5465.
 iTEKAD, launched in May 2020, is a social finance programme that provides (i) structured training and mentorship on entrepreneurship and financial management; (ii) funding for purchase of assets (from zakat, cash waqf and donation); and/or (iii) microfinancing. The programme seeks to support micro entrepreneurs from the B40 segment to generate more sustainable income and contribute back to the community.
Bank Negara Malaysia
01 Dec 2020
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