11) PENJANA SME Financing (PSF) – Low Financing Interest Rate Of 3.5% Objective: To assist SMEs adversely impacted by COVID-19 in order to sustain business operations. 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 . The Penjana SME Financing scheme aims to assist SMEs adversely impacted by COVID-19 sustain business operations at a concession rate of 3.5%. The government has allocated RM2 billion for the financing scheme, with priority given to SMEs that have never received any financing from banks. BAE PENJANA SME Financing-i (BAE PSF-i) is a working capital financing scheme to help alleviate the short-term cash flow problems faced by Small and Medium Enterprise (SME) affected by the COVID-19 outbreak. Financing amount: Min RM50K up to Max RM500K. Title: Slide 1 “This financing can be applied beginning from mid-June 2020 with a maximum of up to RM500,000 for each SME,” he said. On the TEKUN Business Recovery Scheme (TBRS), he said the government had channelled RM82.61 million, benefitting 12,403 micro SMEs as at Nov 6, 2020. 5. “SMEs will also get cashflow aid as of July through SME Bank’s SME-GO scheme which will allow some 16,000 G2 and G3 grade contractors who have projects under the PRIHATIN stimulus package,” he said. It has also directed RM184.6 million to 5,181 micro SMEs in the retail and services sectors under the PENJANA Micro Credit Financing under Bank Simpanan Nasional. PENJANA SME Financing Scheme AmBank and AmBank Islamic will offer financing to assist SMEs under the Penjana SME Financing Scheme (PSF). This facility is available in both conventional and Islamic financing The PENJANA SME Financing for small and medium enterprises (SMEs) affected by COVID-19 has approved 2,556 applications with a total value of RM639.57 million until Sept 11, 2020. BENEFICIARIES: Businesses in the critically affected sectors PENJANA SME FINANCING SCHEME. This financing facility, will be made available in July 2020 with a maximum loan size of RM500,000 per SME. HLB Invites SMEs to Apply for PENJANA SME Financing Scheme by msmeadmin June 29, 2020 Hong Leong Bank Berhad (“HLB” or “the Bank”) announces its participation in the PENJANA SME Financing (“PSF”) Scheme where the Bank will lend its support to local SME businesses which have been adversely impacted by COVID-19. “In an effort to assist in the continuity of the SMEs involved in targeted key sectors, the banking sector will offer additional funding of RM2 billion through PENJANA SME Financing Scheme. BAE PENJANA SME Financing-i Scheme. “Application for this financing begins in mid-June and is limited to a maximum of RM500,000 for each SME,” he said. PENJANA SME Financing (PSF) OBJECTIVE: To assist SMEs adversely impacted by COVID-19 in order to sustain business operations . 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 Liquidity Support pg 31 ii-21 Accelerated Payment Terms for GLC and Large Corporates’ Supply Chain KUALA LUMPUR (Sept 22): The PENJANA SME Financing for small and medium enterprises (SMEs) affected by COVID-19 has approved 2,556 applications with a total value of RM639.57 million until Sept 11, 2020. JOUB17EY PUBLIC BANK BERHAD PUBL C ISLAMIC BANK BERHAD Access: PUBLIC ISLAMIC BANK WHOLLY-OWNED SUBSIDIARY OF PUBLIC BANK www.pbebank.com / www.publicislamicbank.com.my PUBLIC BANK Excellence Is Our Commitment Call: 1800 22 9999 or any PB branch JOUR17EY . Please click here for details. Offered under the Shariah concept of Bai Al-Einah. The government has allocated RM2 billion for the financing scheme, with priority given to SMEs that have never received any financing from banks.