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Pemerkasa: Facilities increased for SMEs and co-ops

With this addition the facility provided by Bank Negara for SMEs stands at RM6bil. A fund totalling RM200mil under the Malaysian Industrial Development Finance (MIDF) is available for financing the development of automation, digitalisation and the usage of green technology. MIDF will also lower their interest rates from 5% to 3% for a period of 12 months effective April 1,2021, he said. Apart from that, Muhyiddin added that an additional allocation of RM50mil for the Smart Automation Grant under Malaysian Investment Development Authority (Mida) will be provided to enable more SMEs and mid-tier companies to enhance operational and manufacturing efficiencies through high-tech processes.

Highlights of M sian govt s additional stimulus measures to drive growth

The following are the extra measures: PM: Allocation for small infrastructure works for G1 to G4 contractors raised from RM2.5b to RM5b Govt gives RM200 monthly aid to civil servants involved in National Covid-19 Immunisation Programme Govt to raise allocation for National Covid-19 Immunisation Programme to RM5 bil from RM3 bil previously Govt says 12-month waiver on listing fees for those requesting to list on Main Market, ACE Market and LEAP Market Govt allocates RM700m for three-month extension of wage subsidies to sectors affected by MCO, including tourism Govt to give extra tax breaks for workers premises and accommodation to companies in manufacturing industry, limited to RM50,000 per company.

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