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Bank Negara Announces RM200m Flood Relief Financing Aid For MSMEs

Bank Negara Malaysia (BNM) has announced the availability of RM200 million financing aid for micro and small and medium enterprises (MSMEs) affected by the recent floods under the Disaster Relief Facility 2022 (DRF 2022).

“The DRF 2022 is available to SMEs, including microenterprises, with a maximum amount of financing of up to RM500,000 per SME and up to RM75,000 per micro enterprise.

“The tenure of the financing is up to five years, including a moratorium period of six months on both principal and interest/profit payments and the financing rate is up to 3.50 per cent per annum, inclusive of any guarantee fee,” it said in a statement.

Businesses may contact Bank Negara Malaysia at bnm.gov.my/LINK if they face any difficulties with respect to the above facility.

For further details, members of the public can contact their financial institutions by referring to their respective websites. — BERNAMA

BacalahMalaysia Team

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