KUALA LUMPUR: Small and casual businesses seeking to bounce again from the Covid-19 pandemic now have entry to a big selection of financing help below the Semarak Niaga Keluarga Malaysia programme.
Prime Minister Datuk Seri Ismail Sabri Yaakob mentioned the RM40bil programme reveals the federal government’s dedication in direction of serving to micro, small and medium entrepreneurs (MSMEs) get better and regain functionality and competitiveness post-pandemic.
He mentioned the position of MSMEs within the nation’s financial restoration is essential and the federal government’s efforts to help the group is a part of the Malaysian Family mantra that “no group will be left behind”.
“In my recent visit to Farm Fresh in Muadzam Shah, I had the opportunity to interact with small and large entrepreneurs.
“It gave me a clear picture of their role in providing employment opportunities, bridging income gaps and addressing long-term challenges such as food security.
“I believe that the contribution and role of local MSMEs throughout the country is very important in reviving the nation’s economy. But the sector has been affected economically by the Covid-19 pandemic.
“The Semarak Niaga Keluarga Malaysia Programme is a clear sign of the government’s commitment in ensuring that the MSME ecosystem remains competitive,” mentioned Ismail Sabri on the programme’s launch occasion right here.
Also current on the occasion had been Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and his deputies Datuk Mohd Shahar Abdullah and Yamani Hafez Musa.
The programme consists of direct loans, financing ensures and fairness injections that may profit numerous entrepreneur teams.
One of the initiatives below Semarak Niaga is the RM200mil Informal and Micro Financing Scheme (SPIM), which presents loans of as much as RM10,000 at zero rate of interest to casual sector merchants.
For entrepreneurs within the agrifood sector, Ismail Sabri mentioned Agrobank will supply loans of as much as RM75,000 at zero rate of interest for the primary six months, with a moratorium facility for as much as six months.
Businesses which are extra mature can even have the ability to achieve entry to the IBS Promotion Fund 2.0 scheme by SME Bank, which presents loans of as much as RM10mil.
Another related scheme is the Young Entrepreneur Financing Programme 2.0 which has loans of as much as RM1mil, mentioned Ismail Sabri.
“Collectively, the size of the fund for the two schemes is worth RM300mil,” he mentioned.
He mentioned for viable corporations which have difficulties acquiring new funds, the federal government and monetary establishments have provide you with a extra versatile type of financing to assist these companies revive their businesses.
“One of the solutions is through equity crowdfunding and peer-to-peer financing supported by an allocation of RM80mil in matching grants for the Malaysia Co-investment Fund.
“This is an addition to the RM100mil investment by Bank Pembangunan Malaysia Bhd (BPMB),” he mentioned.
Ismail Sabri mentioned funding strategies via fairness and quasi-equity investments in extra of RM2.2bil can be made obtainable to help corporations dealing with excessive indebtedness issues.
He added that the “Syarikat Jaminan Pembiayaan Perniagaan” (SJPP) scheme would offer ensures for scheduled and restructured financing with a assure restrict of RM22bil.
