KUALA LUMPUR: Small-scale entrepreneurs and petty traders in five regional development authority areas will get incentives that include rent exemptions for business premises and land from August to December to help them face the Covid-19 pandemic.
Rural development minister Abd Latiff Ahmad said these are among the five incentives drafted by his ministry under the national people’s well-being and economic recovery package (Pemulih) that involves a financial implication of RM5,439,013 and are expected to benefit 3,815 entrepreneurs, tenants and borrowers.
He said the targeted groups would also enjoy deferments for house rent and loans throughout the period.
“At the same time, entrepreneurial programmes in all regional development authorities will be restructured and expanded,” he said in a statement today.
The five authorities are the Kedah Regional Development Authority (Keda), the Southeast Johor Development Authority (Kejora), the South Kelantan Development Authority (Kesedar), the Central Terengganu Development Authority (Ketengah) and the Penang Regional Development Authority (Perda).
Latiff said Keda would provide rent exemption to entrepreneurs and business operators at its small and medium industry premises and sites, in addition to rent deferment for Keda house tenants.
Kejora, meanwhile, will provide deferment of rental for organised village housing, loan repayments for 60 Bandar Tenggara flat units and rent exemption for five units of commercial or business sites it owns.
Kesedar will defer and reschedule its economic loan scheme repayments and provide rent exemption for its premises on the condition that recipients are affected by the pandemic, with no outstanding repayments or rents in the last three months.
Ketengah, on the other hand, will provide rent exemption for its housing and business premises, deferments for home loan repayments and a 30% discount for rental of agricultural land and livestock premises it owns.
Perda, meanwhile, is offering deferments and rescheduling of its loan scheme repayments, targeted rent exemptions for Perda-owned land and premises as well as the PPRT Tok Alang housing project in North Seberang Perai.