The Schemes were announced on April 6 as part of the Solidarity Budget, and comprise the Enhanced Enterprise Financing Scheme - SME Working Capital Loan (EFS-WCL) and the Temporary Bridging Loan Programme (TBLP).
SINGAPORE (Apr 20): The Monetary Authority of Singapore (MAS) has launched the MAS SGD Facility for ESG Loans with Enterprise Singapore (ESG).
The facility, which was set up to help make loans to SME borrowers more affordable, will process loans to eligible banks and finance companies at an interest rate of 0.1% per annum for a two-year tenor. This is to support their lending to Small Medium Enterprises (SMEs) under the ESG Loan Schemes.
