KUALA LUMPUR, March 11 — The government has approved 6,973 applications involving loans worth RM1.315 billion under the National Economic Recovery Plan (PENJANA) Small and Medium Enterprise (SME) Financing scheme as at Feb 26, 2021 compared with RM1.258 billion last week.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the total allocation of RM2 billion under this scheme prioritised SMEs which have not received loans from banks previously.

For the PENJANA Micro Credit Financing, he said a total of RM391.9 million had been channelled as at Feb 26, benefitting some 11,708 micro SMEs.

“This is an increase of RM28.5 million, while micro SMEs which have benefitted from the scheme grew to 934,” he said when presenting the 44th Inter-Agencies Economic Stimulus Implementation & Coordination Unit (Laksana) report on Thursday. 


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