Budget 2021: Govt agrees to auto-approval process for moratorium on loans for B40, micro-SMEs (updated)

KUALA LUMPUR: The government has agreed to implement an auto-approval mechanism for the moratorium on loan repayments for those in the B40 group as well as micro and small-medium enterprises (SMEs).

This means that those in the B40 income group and micro SMEs do not need to submit any documents to be entitled to the three-month moratorium which will be implemented till December this year.