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Muhyiddin unveils RM10 billion stimulus package for SMEs

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Prime Minister Muhyiddin Yassin has announced an additional stimulus package of RM10 billion for small and medium-sized enterprises (SMEs) to mitigate the financial impact of the COVID-19 crisis.

Under the package the government's three-month wage subsidy scheme has been expanded to RM13.8 billion, up from RM5.9 billion, or an increase of 134 percent, announced previously.

Putrajaya will offer zero-interest loans of up to RM10,000 and grants of RM3,000 for properly registered micro-SMEs.
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