Through the RM20 milllion provided, SME Bank will develop and strengthen social enterprises and through the RM10 million Sustainability Incentive Scheme, they will also be focusing on facilitating the adoption of ESG principles among MSME entrepreneurs.
SME Bank will continue its efforts in strengthening its policies, procedures, systems and infrastructure to optimise its service delivery and customer experience stepping into a challenging 2023.
KUALA LUMPUR: SME Bank has allocated RM300 million through its Lestari Bumi Financing Scheme to help develop micro and small entrepreneurs to enable them to increase production capacity, expand market access, and be more competitive to ensure business sustainability.
Group president and chief executive officer Aria Putera Ismail said the scheme was part of several initiatives announced by the government in Budget 2021. Through this scheme, entrepreneurs can apply for working capital and purchase of assets with total financing ranging from RM100,000 to RM750,000. The scheme enables entrepreneurs to receive more structured assistance according to their business needs and gain access to more effective and organised training and coaching programmes from Centre for Entrepreneur Development and Research Sdn Bhd, a wholly-owned subsidiary of SME Bank, he said in a statement today.