MIDF joined SME Corp at a Majlis Penyerahan Bantuan Banjir Usahawan Keluarga Malaysia in Shah Alam

The event, attended by over 500 participants, was officiated by YBhg. Datuk Kamazruzzaman Johari, Political Secretary to the Minister of Entrepreneur Development and Cooperatives, YBhg. Tan Sri Noh Omar.

Participants were given a free Kursus Keusahawanan organised by Bank Rakyat for micro-enterprises as well as small and medium enterprises (SMEs). The highlight of the event was the distribution of financial assistance to 214 entrepreneurs under MIDF’s SME Emergency Fund (SMEEF) 2.0, TEKUN Nasional (TEKUN) and Bank Rakyat funds. 10 companies from the Kota Raja and TTDI Jaya areas received financing of RM100,000 each, under MIDF’s SMEEF 2.0 at 0% financing rate and 12-month moratorium while 197 micro-companies received a grant of RM3,000 each under TEKUN. Bank Rakyat dispersed a total of RM175,000 in financing to 7 entrepreneurs.

MIDF was represented by En. Mohd. Farid Abd. Razak, Head of Customer Relationship and Supervision at the Development Finance Division (DFD) presented the mock cheques to applicants who succeeded in their applications for MIDF’s SMEEF 2.0 Fund. MIDF lawyers were also on-site at the event to expedite the execution of documents for the successful applicants.