How many borrowers benefited from the targeted moratorium?

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1.4 Million Individual Borrowers and SMEs Benefited from Targeted Moratorium Assistance

The targeted moratorium assistance, implemented by the government through Bank Negara Malaysia (BNM), has successfully provided relief to 1.4 million individual borrowers and small and medium enterprises (SMEs). Approvals for this assistance reached up to 95 per cent, indicating a broad reach in alleviating financial burdens. This programme remains accessible to the public, offering continued support for those facing economic challenges.
Significant Relief for Borrowers and SMEs

The government's initiative through BNM has directly impacted a substantial number of individuals and businesses. The targeted moratorium assistance was specifically designed to ease the financial strain on 1.4 million individual borrowers and affected SMEs, with a high approval rate of 95 per cent demonstrating its effectiveness.
Continued Accessibility of Support

It has been emphasised that this crucial assistance is not a closed programme. The support remains open for public application, ensuring that any individual borrower or SME still experiencing difficulties can seek and receive aid.
Expanded Funding for SME Growth

Beyond the moratorium, BNM has bolstered its support for SMEs through increased funding facilities. The Targeted Assistance and Rehabilitation Facility was expanded by RM2 billion, and the Automation and Digitisation Facility by RM700 million, bringing BNM's total SME funding to RM6 billion. This aims to enhance SMEs' access to capital for crucial investments.
Incentives for Automation and Technology Adoption

Further measures are in place to drive SME competitiveness through technological advancement. RM200 million under the Malaysian Industrial Development Finance (MIDF) is allocated for automation and digitalisation, with a reduced interest rate of three per cent for 12 months starting April 1, 2021. Additionally, RM50 million has been provided for the Smart Automation Grant to encourage operational efficiency through high technology.

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How many borrowers benefited from the targeted moratorium?

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