How many entrepreneurs will benefit from the RM5.4 million package?

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3,815 Entrepreneurs to Benefit from RM5.4 Million Incentive Package

A total of 3,815 entrepreneurs, tenants, and borrowers are set to benefit from a RM5.4 million incentive package aimed at alleviating the impact of the Covid-19 pandemic. This package, part of the National People's Well-Being and Economic Recovery Package (Pemulih), will provide targeted support to individuals operating within the areas managed by five Regional Development Authorities.
Rent Exemptions and Deferments Offered

Entrepreneurs and tenants will receive significant financial relief through rent exemptions for business premises and land, as well as deferments for house rent and loans. These provisions are specifically designed to support those affected by the ongoing economic challenges stemming from the pandemic. The incentives are scheduled to be in effect from August to December of the current year, offering a critical period of financial breathing room.
Five Regional Development Authorities Involved

The benefits will be distributed across five key Regional Development Authorities: the Kedah Regional Development Authority (Keda), the South East Johor Development Authority (Kejora), the South Kelantan Development Authority (Kesedar), the Central Terengganu Development Authority (Ketengah), and the Penang Regional Development Authority (Perda). Each authority will implement specific measures tailored to their respective operations and beneficiaries.
Specific Support Measures by Authority

Support varies across the authorities, with Keda offering rent exemptions for its SMI premises and sites alongside rent deferments for tenants. Kejora will provide deferments for organised village housing and loan repayments for specific flat units, in addition to rent exemptions for commercial sites. Kesedar will reschedule Economic Loan Scheme repayments and offer rent exemptions for its premises, contingent on pandemic impact and clear repayment history. Ketengah is providing rent exemptions for housing and business premises, deferments for home loans, and a discount on agricultural land and livestock premises rentals. Perda's support includes rescheduling loan scheme repayments, targeted rent exemptions for its land and premises, and assistance with the PPRT Tok Alang housing project.

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How many entrepreneurs will benefit from the RM5.4 million package?

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