BANK Kerjasama Rakyat Malaysia Bhd is taking proactive steps to help individuals and businesses affected by the Covid-19 pandemic by offering a variety of financial assistance.

In a statement today, Entrepreneur Development and Cooperatives Minister Wan Junaidi Tuanku Jaafar said this includes a special financing scheme to assist SMEs and cooperatives, which can apply for financing of up to RM300,000 each.

He said Bank Rakyat is also providing a micro financing scheme, offering up to RM50,000 per applicant with a 69-month installment period, as well as a nine-month grace period.

For women entrepreneurs, Wan Junaidi said the bank’s Biz Lady package offers funding amounting to RM50 million to help them reduce short-term cash flow problems and maintain business continuity.

“The campaign aims to help entrepreneurs and cooperatives maintain business continuity and to revitalise the country’s economy during the challenging times,” said Wan Junaidi.

He added that Bank Rakyat’s “Kami Bersama Anda” (We Are With You) campaign, which runs from April 24 to June 30, also offers the Personal Financing-i facility, with total funding of up to RM200,000 at a low interest rate of 2.78% per annum for up to 10 years.

Bank Rakyat’s Credit-i or Debit-i Card customers also have the chance to win up to RM30,000 in cashback rewards while shopping for the upcoming festive season.

Those transferring money to their loved ones using the DuitNow apps in iRakyat during this Hari Raya Aidilfitri also have the chance to win up to RM24,000, he added.

More information can be found at Bank Rakyat’s website. Alternatively, the public can email [email protected] or call Tele-Rakyat at 1-300-80- 5454 for further assistance. – Bernama, May 12, 2020.