KUALA LUMPUR, – The government has allocated a record RM57 billion in financing facilities for micro, small, and medium enterprises (MSMEs) under Budget 2027 to help the sector weather global economic uncertainties.
Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong said the allocation, an increase from the previous RM50 billion, reflected the government’s commitment to strengthening the sector’s resilience by improving access to financing, lowering business costs, and enhancing government service delivery.
He said the government understands the pressures MSMEs face due to global economic fluctuations, including rising energy costs and supply chain disruptions that are beyond the country’s control.
“We know that in a time of multiple crises, the SMEs must be given the breathing space so they can face the various challenges.
