How much of the loan moratorium value was allocated to businesses?

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RM21.9 Billion of Loan Moratorium Value Allocated to Businesses

As of July 24, 2020, the total value of the loan moratorium implemented by financial institutions reached an estimated RM62.8 billion. Of this substantial figure, RM21.9 billion was specifically allocated to assist the business sector. The remaining RM40.8 billion of the moratorium's value was directed towards supporting individuals.
Moratorium Implementation and Scope

The loan moratorium, which commenced on April 1, 2020, provided a period of deferred repayment for loans. This measure was part of broader economic stimulus efforts aimed at alleviating financial pressures during the Covid-19 outbreak. The breakdown of the total RM62.8 billion highlights a significant portion dedicated to corporate entities.
Financial Support for Businesses

The RM21.9 billion allocated to the business sector through the moratorium was intended to offer immediate financial relief. This support aimed to help companies manage their cash flow during a challenging economic period, thereby potentially preventing business closures and job losses.
Support for Individuals

Concurrently, RM40.8 billion of the moratorium's value was earmarked for individual borrowers. This substantial allocation underscores the government's focus on supporting the general populace through financial relief measures during the pandemic.

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How much of the loan moratorium value was allocated to businesses?

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