SDFC introduces loan scheme for COVID-19 hit businesses

SME Development Finance Corporation (SDFC) has introduced a special loan to assist the business enterprises hit by the COVID-19 pandemic.

SDFC introduced the loan scheme to assist small and medium-sized enterprises (SMEs) and individuals who are self-financed. SDFC has not yet opened the application opportunity for interested individuals.

The loans will be issued under the government economic recovery package introduced to overcome the economic challenges faced amid the COVID-19 pandemic, according to SDFC. The loan from SDFC will be issued with an interest of 6% to be paid within a period of 3 years.