Kuala Lumpur, June 27 -- The Malaysian government has unveiled a new 211 million MYR (53 million USD) funding package through SME Bank under the 2025 Budget Initiative, bringing this year's total allocation for micro, small, and medium-sized enterprises (MSMEs) to over 1 billion MYR.
Speaking at the launch, Second Finance Minister Datuk Seri Amir Hamzah Azizan said the initiative aims to stimulate SME-driven growth and enhance economic resilience, while bolstering investor confidence.
The new funding focuses on key sectors such as technology, environmental, social and governance (ESG), tourism, and the halal industry. These efforts align with the country's energy transition roadmap and the New Industrial Master Plan 2030, supporting the M...