Disaster Relief Facility (DRF)

Eligibility

Microenterprises and SMEs (at least 51% shares held by Malaysians) affected by floods located in districts identified by Agensi Pengurusan Bencana Negara as flood disaster areas.

Purpose of Financing

• Repairs and/or replacement of assets for business use (e.g. plants and machinery) which have been damaged by natural disasters; and/or
• Working capital



Note: Financing should not be used for refinancing of existing credit/ financing facilities

Financing Amount

• For Micro Enterprises: Up to RM150,000 per microenterprise
• For SMEs: Up to RM700,000 per SME



Note: A collective financing limit is applicable for SMEs with common shareholder(s) of equal to or more than 20% shareholding

Financing Rate

Up to 3.5% p.a. (inclusive of 0.5% guarantee fees)

Financing Tenure

Up to 7 years, including a moratorium period of 6 months on both principal and profit payments

Guarantee Coverage

80% guarantee cover at 0.5% p.a. guarantee fee from the Credit Guarantee Corporation Malaysia Berhad (CGC) or Syarikat Jaminan Pembiayaan Perniagaan (SJPP).

Availability of Fund

From 27 December 2021 until full utilisation (or further notice, depending on the flood situation)