Special Financial Fund available for SMEs' Flood losses
The Disaster Relief Fund 2022 (DRF 2022) is available to SMEs, including micro enterprises, with a maximum amount of financing of up to RM500,000 per SME and up to RM75,000 per micro enterprise. The DRF 2022 will assist SMEs in covering the costs of repairs and/or replacement of assets for business use (e.g. plants and machinery) which have been damaged by the recent widespread floods; and/or for working capital.???
This is from the Bank Negara Malaysia’s Disaster Relief Facility 2022 for MSMEs affected by the recent floods. Click on the link below for more details.