Bank Negara Malaysia (BNM) has allocated a total fund of RM3.3 billion under the Economic Stimulus Package 2020 (PRE 2020) to assist small and medium enterprises (SMEs) sustain their business operations and employment, as well as boost domestic investment.
The assistance is being channelled through financial institutions, comprising commercial banks, Islamic banks and development financial institutions regulated by BNM.
How to Apply?
- Apply online through ImSME website http://imsme.com.my
- Approach any participating financial institutions.
BNM’s Financing Facilities to Assist Malaysian SMEs
In addition, Bank Simpanan Nasional (BSN) has also allocated RM200 million in micro-credit facilities at a financing rate of 4.0 per cent.
All financial Institutions under BNM’s regulatory authority also provided a special financing of up to RM1.0 million without collateral under a special assistance facility to SMEs affected by Covid-19, as well as Rescheduling & Restructuring facilities for businesses, SMEs and individuals, including a moratorium on loan repayments.
Should you need any additional information or assistance may direct contact
Bank Negara Malaysia (BNM) 1-300-88-5465| ImSME 03-7880 0088