KUALA LUMPUR (September 29): The government has provided loans worth RM 19.96 million to 818 micro-small and medium-sized enterprises (MSMEs) under the Indian Community Entrepreneur Development Program (SPUMI ) until August 20, 2021.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the program received an allocation of RM20 million, of which RM5 million came from the 2021 budget and an additional RM15 million from the Protection Assistance Program. Economic and Rakyat (PERMAI) of Malaysia.
“This is a strategic government initiative under TEKUN Nasional to help the Indian community boost its economy through business participation and entrepreneurship,” he said in the 70th report of National Agency Coordination and Implementation Unit (LAKSANA) released today.
Regarding the Danajamin Prihatin guarantee program, the minister said guarantees valued at RM2.02 billion had been approved for 54 companies as of September 17, 2021.
To date, 11 banks have participated in this program, namely Malayan Banking Bhd, CIMB Bank Bhd, OCBC Bank (Malaysia) Bhd, Alliance Bank Malaysia Bhd, AmBank (M) Bhd, Hong Leong Bank Bhd, United Overseas Bank (Malaysia ) Bhd, Affin Bank Bhd / Affin Hwang Investment Bank Bhd, RHB Bank Bhd, Bangkok Bank Bhd and MIDF Amanah Investment Bank Bhd.
Tengku Zafrul said the government also approved wage subsidies worth RM12.94 billion under the Wage Subsidy Program (WSP) 1.0 that benefited 322,177 employers and 2.64 million workers. employees as of September 17, 2021.
For WSP 2.0, he said that RM 1.381 billion had been funneled to 80,264 employers to continue operating and maintaining the employment of 705,618 employees as of the same date.
Under WSP 3.0 until September 17, 2021, RM3.03 billion had been distributed to 322,254 employers, helping to maintain the jobs of 1,472,490 workers.
Regarding WSP 4.0, he said as of that date, 928 million RM had been channeled to 86,181 employers to continue operating and maintain the employment of 948,504 employees. – Bernama