KUALA LUMPUR, Malaysia (July 6): Under the National People’s Well-being and Economic Recovery Package, MyCreative Ventures Sdn Bhd will provide eligible applicants a six-month loan moratorium (PEMULIH). The government’s investment arm, which was established to boost Malaysia’s creative economy, said the moratorium will help creative enterprises stay resilient and relieve the strain on their cash flow at this difficult time.
The moratorium application period is currently open until July 31, 2021, and qualifying applicants can defer repayment of their loan facilities starting this month until December 2021.
Applications can be sent to [email protected] by email, according to MyCreative.
“MyCreative will continue to support the government’s efforts to relieve the creative industry’s financial obligations.”
As of today, MyCreative has provided support to 10,759 creative industry players and activists through the Finance Ministry’s National Economic Recovery Plan (PENJANA) and the Communications and Multimedia Ministry’s Malaysian Creative Industry Stimulus Package (PRISMA) “Azmi Said, the chairman, stated.
He also mentioned that MyCreative offers a variety of other services, such as grants, soft loans, and training programs through the PENJANA and PRISMA programs.
“We at MyCreative are optimistic that creative sector applications will continue to be highly appreciated.”
The MyCreative website (http://www.mycreative.com.my/penjana) has further information on the initiatives available and the application procedure “he stated
MyCreative is the Minister of Finance’s wholly-owned business (Incorporated)./n
