: Over RM479 million worth of debt arrears owed by 140 micro, small and medium enterprises in Melaka have been successfully restructured through the PKMS programme via the Small Loan Settlement Scheme from 2020 to February this year.
“The AKPK will assist the PKMS collectively through a loan restructuring and loan repayment plan agreed upon by the borrower and financial institution involved. As for sole proprietors in the service sector, he said it contributed 80 per cent or more than RM4.3 million of the restructured debt under the Debt Management Programme compared to just 20 per cent from the retail, construction, manufacturing and other sectors.He said the restructuring of these debts is a recovery process that provides relief to traders or entrepreneurs within specified periods and can even help restore their business financial situations.
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