Funds For SMEs-TRRF & MEF
By admin@admin.com
Dec 2, 2020
Bank Negara Malaysia (BNM) announced that there are two funds opened up for SMEs to apply as mentioned in the 2021 budget announcement.
The two funds facilities are the :
Targeted Relief And Recovery Facility (TRRF) and Micro Enterprise Facility (MEF).
SMEs affected by the COVID-19 epidemic can obtain working capital financing of up to RM500,000 for up to 7 years, which also includes at least 6 months of loan repayment moratorium under the TRRF fund with a total value of RM2 billion.
The MEF fund, which has expanded to RM410 million, currently has an available balance of RM200 million open for application by eligible micro-enterprises to obtain working capital and capital expenditure financing up to RM50,000.
Click on this link for TRRF’s requirement & criteria : https://drive.google.com/file/d/1n1zgCrJStjZCsUazQ2-YoiocGhI87S_r/view?usp=sharing
Click on this link for MEF’s requirement & criteria : https://drive.google.com/file/d/1BhIhTPNhe7-DCGL_a-heDnOVAzf3nWbw/view?usp=sharing
For more information, please visit www.bnm.gov.my/covid19/
For inquiries or facing any issue with the bank, please send an email to bnmtelelink@bnm.gov.my or call 1-300-88-5465.