2020 stimulus: Bank Negara allocates RM3.3b for SMEs
BY OPALYN MOKGEORGE TOWN, Feb 27 — Bank Negara Malaysia will set aside RM3.3 billion for small medium enterprise financing as part of the 2020 Economic Stimulus Package launched today in response to the coronavirus disease outbreak.
Each SME may apply for up to RM1 million in loans with a maximum tenure of 5.5 years and at a financing rate or 3.75 per cent per annum. The ADF has RM300 million funds to incentivise SMEs to automate processes and digitalise operations to increase productivity and efficiency. Participating financial institutions may obtain coverage from the Credit Guarantee Corporation Malaysia for these facilities, it added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank Negara: Financial markets continue to function efficientlyPETALING JAYA: The Malaysian financial markets continue to function efficiently with ample liquidity despite recent developments in the country, said the Bank Negara financial markets committee.
Read more »
Stock Investing 2020 - Events by Star Media GroupIf you have lost money in stock market but would like to get equipped with the right knowledge to improve your results….. If you want to achieve Financial Freedom through Stock Investing…. Explore the true value of this seminar via...
Read more »
World Marketing Summit 2020 | Better World Through Marketing
Read more »
Google pledges new US$10 bil investment in 2020This is on top of some US$22 bil invested by the tech giant over the past couple of years. FMTNews
Read more »
Hyundai giving entire i30 lineup a facelift for 2020The lineup includes the hatch, fastback and wagon. FMTNews FMTLifestyle
Read more »
RM20 billion for 2020 Economic Stimulus PackageNSTnation: The package is anchored on three strategies, namely mitigating impact of Covid19, spurring rakyat-centric economic growth and promoting quality investment. EconomicStimulusPackage coronavirus MahathirMohamad PakejRangsanganEkonomi
Read more »