How much funding can SMEs receive under the BRF scheme?

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SMEs can receive between RM100,000 and RM1 million under the Bumiputera Relief Financing (BRF) scheme.

The Bumiputera Relief Financing (BRF) scheme, established as part of the National Economic Recovery Plan (Penjana), offers financial assistance ranging from RM100,000 to RM1 million to eligible Bumiputera companies. This initiative has a total allocated fund of RM200 million and is designed to support businesses impacted by Covid-19.
Funding Amount and Availability

Eligible small and medium enterprises (SMEs) can apply for financing between RM100,000 and RM1 million. The availability of this funding is contingent on the depletion of the allocated RM200 million fund, meaning applications will be processed until the resources are exhausted.
Repayment and Deferment Terms

Successful applicants are granted a six-month automatic payment deferment period, commencing from the date the funds are withdrawn. The financing carries a profit rate of 3.5 per cent per annum, with a maximum repayment tenure extending up to five years and six months.
Scheme's Purpose and Scope

The BRF scheme is specifically aimed at Bumiputera companies that have experienced adverse effects due to the Covid-19 pandemic, enabling them to sustain their operations. It is anticipated that approximately 200 SMEs nationwide will benefit from this financial support.
Eligibility Criteria

To qualify for the BRF scheme, companies must demonstrate at least 70 per cent Bumiputera ownership and have a minimum annual sales turnover of RM300,000. The scheme is open to SMEs operating in various sectors, including trade retail and distribution, manufacturing and engineering, systems automation, health, hospitality, logistics, warehousing, services, and creative industries.

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How much funding can SMEs receive under the BRF scheme?

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