What is the total value of Penjana SME financing approved?

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RM1.38 Billion Approved for Penjana SME Financing Programme

As of April 9, 2021, a total of RM1.38 billion has been approved for 7,387 applications under the Penjana Small and Medium Enterprise (SME) Financing programme. This initiative was part of a broader government allocation of RM2 billion, with a specific focus on supporting SMEs that had not previously secured bank loans.
Penjana SME Financing Programme Details

The Penjana SME Financing programme was established with an initial allocation of RM2 billion. Its primary objective was to provide financial assistance to small and medium enterprises, particularly those that had no prior access to traditional banking facilities. By April 9, 2021, the programme had successfully approved financing for 7,387 applications, amounting to RM1.38 billion.
Broader Economic Stimulus Impact

The Penjana SME Financing programme is one component of larger government stimulus efforts. For instance, the Wage Subsidy Programme (PSU) 1.0 had benefited 322,177 employers and 2.64 million employees by April 9, 2021, with approved subsidies totalling RM12.87 billion. PSU 2.0, under the Kita Prihatin package, had disbursed RM1.14 billion to 73,210 employers, retaining 631,801 employees.
Support for Digitalisation and Reskilling

Beyond direct financing, the government also allocated funds for other critical support mechanisms. A sum of RM62.5 million had been channelled to 13,859 businesses as of April 9, 2021, through grants and loans aimed at encouraging the adoption of digitalisation services. Concurrently, the Reskilling and Upskilling Programmes had seen 132,403 participants successfully gain employment, with the manufacturing and wholesale/retail trade sectors being key areas of hiring.

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What is the total value of Penjana SME financing approved?

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