Is your business affected by floods? In case, the unfortunate flood event really happened to you affecting your business, hopefully, this initiative from BNM could lend you a hand...
Objective:
To alleviate the financial burden of MSMEs affected by floods and enable them to resume their business operations.
Eligibility criteria:
The DRF will assist SMEs in covering the costs of repairs and/or replacement of assets for business use (e.g. plants and machinery) that have been damaged by floods; and/or for working capital.
In January 2022, BNM has increased the allocation of the DRF 2022 by RM300 million, bringing the total allocation to RM500 million, with some enhancements to its features.
Note:
All applications should be made directly with the participating financial institutions to reduce the risk of financial scams. No third-party agents are being employed by participating financial institutions for the purpose of this facility.
To learn more about the Disaster Relief Facility at https://www.bnm.gov.my/funds4sme
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