Bank Negara Malaysia (BNM) wishes to announce enhancements to the following facilities geared at providing relief to SMEs:

1. Additional allocation of RM4 billion for BNM’s Fund for SMEs

BNM will increase the allocation for the Targeted Relief and Recovery Facility (TRRF) by RM2 billion, bringing the total allocation to RM6 billion. The TRRF aims to provide relief for and support the recovery of SMEs in the services sector. Click here for the updated features of the TRRF.

In addition, BNM will also increase the allocation for the All Economic Sector (AES) Facility by RM2 billion, bringing the total allocation to RM6.5 billion. The AES is open to SMEs from all sectors of the economy, and aims to enhance SMEs’ access to financing and support growth. Click here for the updated features of the AES.

The above enhancements were announced by YAB Prime Minister under the PEMERKASA+ package and the PEMULIH package respectively.

2. Enhancements to features of facilities

The TRRF and PENJANA Tourism Financing (PTF) have been enhanced to allow SMEs to utilise part of financing proceeds to repay existing business loans (i.e. refinance). The maximum amount that can be used for refinancing is as follows:

• TRRF: up to 30% of financing approved

• PTF: up to 50% of financing approved

In addition, recipients of the Special Relief Facility and PENJANA SME Financing are now eligible to apply for the PTF (up to RM300,000 per SME). The PTF aims to support SMEs in the tourism sector by preserving their capacity and assisting them to adjust and remain viable post pandemic. Click here for the updated features of the PTF.

Interested SMEs can directly apply for these facilities from participating financial institutions. SMEs may also refer to bnm.gov.my/covid19 or contact us at bnm.my/LINK if there are any queries with respect to the BNM’s financing facilities.