Author: savemalaysia | Publish date: Thu, 6 Aug 2020, 1:39 PM . Several applications were cancelled for the PENJANA Tourism Financing, leading to a drop in the number of approved applications to 271 from 272 as of Jan 1, but the value was up at RM54.9 million from RM54.8 million previously. Micro and SMEs E-Commerce Campaign. Fifth, a total fund of RM2bn has been allocated through the PENJANA SME Financing, with priority given to SMEs who have never received a loan from a bank … Interest / Profit charges for the 6 months payment deferment will be accrued. PENJANA SME Financing : RM2 billion; threshold of RM50,000 per SME: PENJANA Microfinancing: RM400 million in microcredit; RM50 million allocated for female entrepreneurs: PENJANA Tourism Fund: RM1 billion for tourism industry: Bumiputera Relief Financing: RM500 million for bumiputera-owned businesses: This is not a complete list of the government’s efforts, but only a … On the PENJANA Micro Credit Financing under Bank Simpanan Nasional (BSN), he said a total of RM55.31 million had been disbursed, benefitting 1,480 SMEs and micro … 6 months. RM50 million is earmarked for women entrepreneurs. BENEFICIARIES: Businesses in the critically affected sectors. Financing Tenure (inclusive of payment deferment) For SMEs - up to 7 years. Eligible companies can apply for financing up to RM300,000, while micro SMEs can apply up for to RM75,000 at a rate of up to one year for a financing period of up to seven years. The government aims to continue helping these entrepreneurs by enhancing different avenues for micro credit financing. (inclusive of guarantee fee) TYPE OF FINANCING Term financing FINANCING TENURE (inclusive of repayment deferment) For SMEs - Up to 7 years For Micro enterprises - Up to 5 years REPAYMENT DEFERMENT 6 … Extend the period and expand the scope of expenses … To ensure the PTF benefits more MSMEs, the maximum financing amount is RM300,000 for eligible small and medium companies, and RM75,000 for eligible micro enterprises. And nearly 100,000 businesses in both states have received financial aids worth RM1.4 billion through Wage Subsidy, Special Prihatin Grant, and micro loans from Tekun and … Several applications were cancelled for the Penjana tourism financing plan, leading to a small drop in the number of approved applications to 271 from 272 as of January 1, but the value was up at RM54.9 million from RM54.8 million previously. He said a total of RM197.7 million had been channelled to 5,570 micro SMEs in the retail and services sectors through Penjana Micro-Credit Financing under Bank Simpanan Nasional as … On the Bumiputera Relief Financing (BRF), introduced by Perbadanan Usahawan Nasional Bhd (PUNB), he said a RM200 million special fund was allocated for Bumiputera SMEs affected by COVID-19. As for the PENJANA Credit Micro Financing under Bank Simpanan Nasional, Tengku Zafrul said a total of RM320 million had been channelled to benefit 9,358 micro … It launched the PENJANA Micro and SMEs (MSMEs) E-Commerce Campaign and PENJANA Shop Malaysia Online initiatives under the government’s PENJANA umbrella. PENJANA Micro-financing. PENJANA Tourism Financing – Up to RM1 billion facility will be made available to finance transformation initiatives by SMEs in the tourism sector. PENJANA SME Financing (PSF) OBJECTIVE: To assist SMEs adversely impacted by COVID-19 in order to sustain business operations . 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