Bank Negara allocates additional RM2b to SME relief fund

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(The Malay Mail)

Bank Negara Malaysia (BNM) has announced an additional allocation of RM2 billion for the Targeted Relief and Recovery Facility (TRRF), as well as the establishment of a RM200 million Disaster Relief Facility (DRF) 2021.

In a statement today, BNM said the additional allocation brings the TRRF to a total of RM4 billion, and the facility is available until Dec 31, 2021, or until full utilisation, whichever is earlier.

“Small and medium enterprises (SMEs) that are recipients of the Special Relief Facility and the National Economic Recovery Plan’s (Penjana) SME Financing are now eligible to apply for TRRF, subject to total financing not exceeding RM500,000.

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