This puts us in a Catch-22 situation meaning that if one never borrowed from a bank, one cannot obtain financing under the Penjana SME scheme from the banks. LETTER | Recently, my company submitted applications for SME financing under the recently announced Penjana initiative to our banks, which I will refer two as "Bank M" and "Bank R", … The Penjana SME Financing scheme aims to assist SMEs adversely impacted by COVID-19 sustain business operations at a concession rate of 3.5%. Tourism-related retail, recreation and wellness that can justify significant reliance on tourists. You are leaving Hong Leong Bank's website as such our Privacy Notice shall cease. Boost your company's working capital with Fast Cash and no collateral required. Penjana SME Financing (PSF) Eligibility. Prime Minister Muhyiddin Yassin unveiled a new short-term economic recovery plan – titled “Pelan Jana Semula Ekonomi Negara” or “ PENJANA ” – on June 5, 2020. Updating on the RM2 billion PENJANA SME Financing, Tengku Zafrul said a total of 6,139 applications had been approved with a total financing value of RM1.18 billion as of Jan 8, 2021, compared with 5,976 applications with a total financing value of RM1.15 billion a week earlier. To finance transformation initiatives by SMEs in the tourism sector to remain viable and competitive in the new normal. Any further enquiries, please contact our Customer Service Centre at 03-2603 7700, Disclaimer | Privacy Policy | Security Policy, © 2020 Small Medium Enterprise Development Bank Malaysia Berhad 49572-H, Commodity Murabahah Term Financing-i (CMTF-i), Commodity Murabahah Revolving Financing-i (CMRF-i), High Tech Facility - National Investment Aspirations (HTF-NIA). SME Clean Loan / Financing-i. The initiative is part of the Sabah SME Guarantee Scheme, a financing facility, designed with the primary objective of providing working capital, exclusively for SMEs in the State. The new funding programme will be charged at a subsidised interest rate of 3.5%. Facebook Messenger Twitter WhatsApp Email Print. SMEs in the sector can apply for financing through 12 banks. In addition, the PTF will only be accessible to MSMEs that did not benefit from the Special Relief Facility and/or the Penjana SME Financing. BAE PENJANA SME Financing-i Scheme. The initiative is part of the Sabah SME Guarantee Scheme, a financing facility, designed with the primary objective of providing working capital, exclusively for SMEs in the State Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said for the PENJANA Tourism Financing, the government had received 461 SME applications. 5. “Application for this financing begins in mid-June and is limited to a maximum of RM500,000 for each SME,” he said. Funds to Assist SMEsAdditional fund of RM 500 million under the Micro Credit Scheme through BSN at 2% interest rate without collateral Financing up to RM 300,000 to SMEs with businesses less than 4 years under CGCLearn More Micro and SMEs … PENJANA SME financing Allocation: RM2 billion To assist SMEs adversely impacted by COVID-19 in order to sustain business operations Banking sector … PENJANA goal #3: Economic stimulation. PENJANA SME financing To ease the cashflow problems of SMEs, the banking sector will provide 2 billion ringgit (US$467 million) at an interest rate of 3.5 percent. PENJANA Tourism Financing. Special Relief Facility (SRF) and PENJANA SME Financing (PSF) recipients are not eligible for the PTF. KUALA LUMPUR – The government has approved 4,937 loan applications from small and medium enterprises worth RM1.033 billion to support businesses under the Penjana SME Financing Scheme up till November 13. Offered under the Shariah concept of Bai Al-Einah. Micro Enterprises Facility (MEF) The total size of the facility has been increased from RM300 million to … Available for online application to both Maybank and non-Maybank … To assist SMEs adversely impacted by COVID-19 in order to sustain business operations. PENJANA Tourism Financing (PTF) is introduced as part of the Government’s efforts to aid the tourism sector. Updating on the RM2 billion PENJANA SME Financing, Tengku Zafrul said a total of 6,139 applications had been approved with a total financing value of … ii-16 PENJANA SME Financing (PSF) pg 27 ii-17 PENJANA Tourism Financing (PTF) pg 28 ii-18 PENJANA Microfinancing pg 29 ii-19 Bumiputera Relief Financing pg 30 ii-20 SME Go-scheme for … JOUB17EY PUBLIC BANK BERHAD PUBL C ISLAMIC BANK BERHAD Access: PUBLIC ISLAMIC BANK WHOLLY-OWNED SUBSIDIARY OF PUBLIC BANK … The HLB PSF scheme is available to all SMEs including emerging SMEs (i.e. Recipients of Special Relief Facility (SRF) and / or PENJANA SME Financing (PSF) are not eligible; Terms and conditions apply. Stamp duty exemption for SMEs on any instruments executed for Mergers and Acquisitions (M&As), for period between 1st July 2020 to 30th June 2021 . Learn More. PENJANA Stimulus Package. KUALA LUMPUR:The government, which allocated RM2 billion for the PENJANA SME Financing scheme, has approved financing worth RM965.5 million as of Oct 30 with priority given to small and medium enterprises that had not received any bank financing before, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said. Grab this opportunity to sustain your business through PTF with no collaterals. PENJANA Tourism Financing. The SIM grant totaling RM10 million, a PENJANA initiative, was introduced to support social enterprises and social innovation in Malaysia. … It is intended to support small and medium enterprises (SMEs) in the selected tourism and tourism-related sectors by preserving their capacity and assisting them in adapting to the new normal. 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