KUALA LUMPUR (March 11): The government had approved 6,973 applications with a total loan value of RM1.315 billion under the National Economic Recovery Plan (PENJANA) Small and Medium Enterprise (SME) Financing scheme as at Feb 26, 2021, compared with RM1.258 billion as of the previous week.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the total allocation of RM2 billion under this scheme prioritises SMEs without loans from banks previously.

For PENJANA Micro Credit Financing, he said a total of RM391.9 million had been channelled as at Feb 26, benefitting some 11,708 micro SMEs.

“This was an increase of RM28.5 million, while micro SMEs, which have benefitted from the scheme, grew to 934,” he said when presenting the 44th Inter-Agencies Economic Stimulus Implementation and Coordination Unit (LAKSANA) report today.

Tengku Zafrul said Bumiputera Relief Financing (BRF), introduced by Perbadanan Usahawan Nasional Bhd (PUNB) with an allocation of RM200 million, saw 641 SMEs receiving funding amounting to RM182.8 million as at Feb 26, 2021.

For the Wage Subsidy Progamme (PSU) 1.0, he said, as at its closing date on Sept 30, 2020, a total of 322,177 employers and 2.64 million employees had benefitted from this programme under the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) and PENJANA.

“As at Feb 26, applications for the wage subsidy that had been approved were worth RM12.769 billion.

“For PSU 2.0, as at Feb 26, a total of RM808.31 million had been channelled to 66,591 employers to enable them to continue operating and maintain jobs for 554,876 employees,” he said.

Tengku Zafrul added that the Recruitment Incentive Programme and Training Assistance were also showing encouraging results.

“As at Feb 26, a total of 131,568 workers had successfully secured employment through this programme, compared with 130,328 [as of the previous week].

“Among the major industries and sectors that recruited employees included those in the manufacturing sector, as well as wholesale and retail trade,” he said.