Penjana Tourism Financing opens for application

The applications for the Penjana Tourism Financing can now be submitted to the participating member banks, according to the Association of Banks in Malaysia, Association of Islamic Banking and Financial Institutions Malaysia and Association of Development Finance Institutions of Malaysia.

The PTF, which is aimed at supporting Malaysian micro, small and medium enterprises in the tourism sector by preserving their capacity and assisting them to adjust and remain viable post Covid-19, can be utilised for working capital and capital expenditure to enhance their business models and deploy new practices.

Malaysian MSMEs in the core tourism sector and tourism-related sectors which are either MSMEs as defined by SME Corp Malaysia, or MSMEs licensed by/registered with the Ministry of Tourism, Arts and Culture are eligible to apply for the PTF. The eligible sectors in core tourism are tourism accommodation premises , travel agencies and tour operators, and transportation for tourists . Other eligible tourism related sectors includes medical tourism, meetings, incentives, conference and exhibition ecosystem, money changing operators who mainly serve inbound and outbound tourists as well as tourism related retail, recreation and wellness businesses with significant reliance on tourists.

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