KUALA LUMPUR (April 7): The government had approved a total of 7,266 applications for RM1.366 billion in loans under the Small and Medium Enterprises (SMEs) initiative of the National Economic Regeneration Plan (PENJANA) as of March 19, 2021. For the SME Soft Loan Fund operated by Bank Negara Malaysia (BNM), a total of RM11.82 billion has been approved and will benefit 24,921 SMEs. "This amount includes the Special Relief Facility (SRF), the Automation and Digitalisation Facility (ADF), All Economic Sectors (AES) Facility and Agrofood Facility (AF) funds. Meanwhile, as of March 26, the PENJANA Tourism Financing scheme had approved 308 applications out of a total of 626 applications, with a total funding of RM61.9 million. Tengku Zafrul also urged small traders and micro entrepreneurs to apply for the Geran Khas Prihatin (GKP) 3.0 where applications will be open until April 15, 2021.

Source: The Edge Markets April 07, 2021 09:45 UTC