KUALA LUMPUR, Oct 11 — The Credit Counselling and Debt Management Agency is developing a Temporary Relief Programme to reduce the burden of individual and small and medium enterprise’s borrowers who are still having difficulty restoring their cash flow.
“The details of this programme will be announced in the near future,” he said when replying to a question from Datuk Mohd Salim Sharif on assistance to borrowers through moratoriums at the Dewan Rakyat today. He said SMEs that did not have any financing avenue would also be referred to the ImSME financial advisory team for further assistance and if the financing application is still unsuccessful, they could also contact MyKNP, a financing advisory services unit under CGC.
Of the amount, he said RM10 billion was allocated for Special Relief Facility to more than 21,000 SME accounts with an approval rate of 78.1 per cent while RM3.2 billion of the RM6 billion allocated for the Targeted Relief and Recovery Facility was approved to 12,027 SME accounts with an approval rate of 83 per cent.
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