Malaysia Govt channelled RM1.22b under Penjana SME financing scheme

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(The Malay Mail)

The government has approved 6,404 applications involving RM1.22 billion under the National Economic Recovery Plan’s (Penjana) small and medium enterprise (SME) financing scheme as of January 22, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

The Penjana SME Financing scheme, which has a RM2 billion allocation, prioritises SMEs that have never received any bank financing previously.

On the RM100 million Tekun Business Recovery Scheme for micro SMEs, the minister said it had achieved its objective last week by benefitting 14,946 micro SMEs.

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