SME loans totaling RM1.33 billion have been approved.

As of March 5, the government had approved 7,072 applications totaling RM1.334 billion in loans under the national economic recovery plan’s (Penjana) small and medium enterprise (SME) finance scheme, up from RM1.315 billion a week earlier.

The total allocation of RM2 billion under the scheme, according to Finance Minister Tengku Zafrul Abdul Aziz, prioritized SMEs that had not previously received loans from banks.

He said the amount channeled under the Penjana micro credit finance under Bank Simpanan Nasional (BSN) remained at RM391.9 million as of March 5, benefiting 11,708 micro SMEs in the retail and services sectors.

Tengku Zafrul said the RM200 million Bumiputera Relief Financing (BRF) implemented by Perbadanan Usahawan Nasional Bhd (PUNB) saw 662 SMEs receive financing totaling RM191.1 million as of March 5, according to the 45th Implementation and Coordination Unit Between National Agencies (Laksana) report.

https://www.theasianaffairs.com/sme-loans-totaling-rm1-33-billion-have-been-approved/