KOTA BHARU (July 30): The Malaysian Industrial Development Finance Bhd (MIDF) has allocated RM60 million through the Second Chance Financing (2CF) scheme, which is designed to offer financial support to struggling small and medium enterprises (SMEs).
MIDF group chairman Tan Sri Abdul Rahman Mamat said the scheme, which was launched on June 16, 2023, would enable qualified borrowers facing financial difficulties to apply for a minimum loan of as low as RM50,000 up to a maximum loan of RM5 million with a profit rate of 3%.