The government has approved 4,937 loan applications from small and medium enterprises (SMEs) worth RM1.033 billion to support businesses under the Penjana SME Financing Scheme until Nov 13, 2020.

Finance Minister Tengku Zafrul Abdul Aziz said the government has also received 478 applications from SMEs for the Penjana Tourism Financing Scheme, which offers a financing rate of 3.5 percent to assist tourism sector entrepreneurs in terms of working capital and capital expenditure for the financing period of up to seven years...