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MORE than half a million micro, small and medium-sized enterprises (MSMEs) have applied for Prihatin’s second round of aid, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
He said the ministry had received 512,000 applications, but those without certification from the Malaysian Business Commission or approval from local authorities will not be considered.
“Companies with more than five employees will not have their applications approved because they do not meet the criteria.”
I was answering a question from Khoo Poay Tiong (PH-Kota Melaka) who wanted to know the number of applications, the criteria for approval and the reasons for the failed applications.
Zafrul said that applications received from October 1 to October 31 will be examined and verified with the respective local authorities, adding that applicants can check the status of their applications as of November 27 and that the aid will be paid as of November 30. of November.
Under the special Prihatin 2.0 grant, a one-time payment of RM3,000 will be awarded to MSMEs to help them get their businesses up and running during the Covid-19 crisis.
Deputy Finance Minister I Datuk Abd Rahim Bakri said there were 650,000 requests for the specific moratorium on loan repayments that came into effect from October 1.
He said that 98% had been approved and of this, 40% was for the extension of the moratorium while 60% was for the reduction of monthly fees. These applicants were primarily borrowers whose wages had been deducted.
“The applications were mainly from people who had lost their jobs and businesses in sectors still experiencing significant operational limitations as a result of the pandemic,” he said in response to a question from Datuk Mohd Fasiah Mohd Fakeh (Bersatu-Sabak Bernam).
Mohd Fasiah had asked about the steps taken by banking institutions to continue helping households and businesses after the expiration of the moratorium on September 30, 2020.
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