KUALA LUMPUR, July 22 — A complete of RM171.64 million in financing has been channelled to a complete of 13,871 micro-agricultural small and medium enterprises (SMEs) as of July 9, 2021 to assist the nation’s agriculture and meals business.
Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz stated the funding was a part of the RM400 million allotted for the group.
“Below this agriculture and meals business assist scheme, RM350 million is an allocation underneath the Agrobank Microcredit Financing Scheme.
“Meals safety could be very a lot emphasised in Penjana (Brief-Time period Financial Restoration Plan) and Funds 2021,” he stated within the 62nd Implementation and Coordination Unit Between Nationwide Businesses (Laksana) report launched at present.
Below the SME Gentle Mortgage Fund, as of July 9, 2021, Tengku Zafrul stated the overall quantity authorised by native banks and accepted by SMEs was RM12.26 billion which might profit 25,894 SMEs.
This quantity, he stated, included the Particular Reduction Facility (SRF), Automation & Digitalisation Facility (ADF), All-Financial Sector Facility (AES) and Agrofood Facility (AF) funds.
“Though the SRF fund has been totally utilised, SMEs can nonetheless apply for financing schemes which can be nonetheless out there by way of the Financial institution Negara Malaysia (BNM) Fund corresponding to ADF, AES and AF,” he stated.
For the Inisiatif Pemulihan Cendana, he stated as of July 9, a complete of RM4.26 million had been channelled to 520 recipients.
“The federal government has allotted RM10 million which is predicted to learn 3,000 recipients from artists and organisations within the Malaysian arts and tradition sector. Recipients will obtain totally different grant sizes relying on the focused utility and programme.
“Artistic business practitioners are suggested to make use of the services offered and might apply for help from each companies by visiting www.mycreative.com.my/penjana and www.cendana.com.my for extra info,” he stated. — Bernama