Relief and Adaptation Facility (RAFt)

Eligibility

• Adaptation Financing: For Microenterprises and SMEs that have been affected by floods or are in flood-prone areas.
• Relief Financing: Microenterprises and SMEs that are affected in districts declared flood-disaster areas by Agensi Pengurusan Bencana Negara (NADMA). with applications required within 12 months of the flood event.
   

Purpose of Financing

• Capital investments and relevant expenses to pre-emptively manage or reduce SMEs’ flood risk and losses (i.e. flood adaptation purposes)
• Professional flood assessments and consultation
• Relocation of business premises to safer, low-flood-risk areas
• Flood-related construction expenses for new or existing premises
• Maintenance or servicing of flood adaptation systems
• Flood insurance/takaful for business premises, assets, and business interruption

• Repairs or replacement of business assets damaged by natural disasters
• Working Capital Requirements (WCR)
  

Note: Financing should not be used to refinancing existing financing facilities.

Financing Amount

• Adaptation Financing: Up to RM1.0 million per SME business
• Relief Financing: Up to RM1.0 million per SME business
  

Note: Should both adaptation and relief financing are taken up, the combined limit is RM2 million per SME.

Financing Rate

Financing Tenure

• Adaptation Financing: Up to seven (7) years
• Relief Financing: Up to seven (7) years, including:
  • A built-in moratorium period of six (6) months on both principal and profit payments.
  • Any additional moratorium period mutually agreed upon by the SME and PFI.

Guarantee Coverage

80% guarantee coverage by Syarikat Jaminan Pembiayaan Perniagaan (SJPP) or Credit Guarantee Corporation (CGC).

Availability of Fund

Available until 30th June 2027 or full utilisation, whichever earlier.