BizJamin/-i Disaster Relief Facility (DRF) 2022 Scheme

Benefits

  • Accessible to: All MSMEs seeking financing from the Disaster Relief Facility (DRF) 2022 under Bank Negara Malaysia (BNM). It aims to alleviate the financial burden of MSMEs affected by floods and to support them in resuming their business operations. Available through major Participating Financial Institutions (PFIs). MSMEs can apply for a CGC guarantee linked to their financing at the PFIs.
  • Comprehensive Coverage: Includes Term Financing, Cash Line Facilities, Trade Facilities and more.

 

Eligibility

  • Business Types: Open to Sole Proprietorships, Partnerships, Limited Liability Partnerships, Private Limited Companies and Professional business entities.
  • Local Incorporation: Businesses must be locally incorporated or registered in Malaysia, with at least 51% Malaysian shareholding.
  • Shariah Compliance: For the Islamic guarantee scheme, based on the Kafalah contract, businesses must maintain Shariah-compliance throughout the guarantee tenure.

Features

  • Purpose of Financing: Repairs and/or replacement of assets for business use (e.g. plant and machinery) that were damaged by natural disasters and/or Working Capital.
  • Guarantee Amount: Up to a maximum financing amount of RM700k per SME or RM150k per micro enterprise. 
  • Guarantee Period: Up to 7 years, including a moratorium period of 6 months. 
  • Guarantee Coverage: 80% of the financing amount.
  • Guarantee Fee: 0.5% per annum.
  • Financing Profit Rate: Up to 3.50% per annum (inclusive of Guarantee Fee).

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