KUALA LUMPUR (Dec 26): The Ministry of Finance (MoF) has reiterated the increase in funding for the Disaster Relief Facility (DRF) 2022 by Bank Negara Malaysia to RM500 million, from RM200 million. “Financing up to RM500,000 will be provided for SMEs, while micro-entrepreneurs can borrow up to RM75,000. The government will continue to monitor the situation and the MoF, in particular, will always be ready to provide adequate allocations to assist flood victims as soon as possible. Flood victims can apply by filling in the application form online through BSN’s official website, www.bsn.com.my. Read also:BSN’s interest-free personal loan increased up to RM10,000 for flood victimsGovt relaxes procurement method to deal with flood damage, says MoF


Source:   The Edge Markets
December 26, 2021 19:58 UTC