RM222.4mn disbursed for front liners, RM9.86bn to SMEs
KUALA LUMPUR: As part of the implementation of the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the National Economic Recovery Plan (Penjana), RM222.4 million had been channelled based on 694,447 claims for front liners.
“For the Frontliners’ Special Allowance, as of 7 August 2020, a total of RM222.4 million had been channelled based on 694,447 claims. This comprises of doctors, nurses and other medical personnel who are directly involved in the management and containment of the COVID-19 pandemic.
“This special allowance is also extended to members of the military, police, customs, immigration, fire brigade, members of the Civil Defense Force as well as RELA members who are directly involved in implementing the Movement Control Order (MCO),” says Finance Minister Dato’ Sri Zafrul Tengku Abdul Aziz.
This is published in the 17th LAKSANA Report that cover 3 areas: First, updates on the PRIHATIN achievements; progress updates on PENJANA; and
review of the current affairs.
PRIHATIN OBJECTIVE 2: SUPPORTING BUSINESSES
For SME Soft Loans Funds operated by Bank Negara Malaysia, as of 7 August 2020, the total number of approved applications by local banks and accepted by SMEs amounts to RM9.86 billion (an increase from RM9.63 billion a week ago) which will benefit 21,759 SMEs (an increase from 21,410 SMEs a week ago).
This amount includes Special Relief Facility (SRF), Automation & Digitalisation Facility, All-Economic Sector Facility dan Agrofood Facility.
https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});The demand for SRF is very encouraging, and it has been fully utilised. The facility has also benefitted over 21,000 SMEs.
More than half of SRF recipients are in wholesale and retail trade, while over 70% of SRF recipients are from the smaller segment of SME.
https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});Following the gradual reopening of the economy, SMEs can also apply for financing schemes that are still available through BNM’s Fund such as Automation & Digitalisation Facility, All-Economic Sector Facility and Agrofood Facility.
SMEs can also get another financing through the imSME platform via the link https://imsme.com.my/portal/en/ that matches their demand with the necessary SME fund providers.