What business problems did the targeted groups face under the lockdown?

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The targeted groups faced deteriorating business performance, difficulties in paying premise rentals, and challenges in repaying business loans due to the lockdown.

The Ministry of Rural Development (KPLB) has allocated RM7.59 million to five of its agencies to assist entrepreneurs, tenants, and borrowers impacted by the Covid-19 pandemic. This financial aid is intended to alleviate the burdens faced by these individuals, who have experienced significant setbacks in their business operations. The support aims to address the immediate financial strains caused by the prolonged lockdown measures.
Deteriorating Business Performance

Entrepreneurs and petty traders operating under the various regional development authorities have reported a marked decline in their business activities. This downturn is a direct consequence of the movement restrictions and reduced economic circulation during the lockdown period, which has severely impacted revenue streams and overall commercial viability.
Difficulty in Paying Premise Rentals

A significant challenge highlighted by the affected groups is the struggle to meet rental obligations for their business premises. With reduced or non-existent income, many business owners found themselves unable to pay rent, jeopardising their operational base and leading to potential evictions or significant financial arrears.
Difficulty in Repaying Business Loans

The economic hardship has also extended to the repayment of business loans. Many entrepreneurs and traders are facing difficulties in servicing their existing debts, as their reduced business performance makes it challenging to generate the necessary funds for loan repayments. This situation poses a risk to their financial stability and future access to credit.

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What business problems did the targeted groups face under the lockdown?

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