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Rescuing Malaysian SMEs: Government Financial And Non-Financial Supports During Covid 19 Outbreak

Small and Medium Enterprises (SMEs) plays an important role in the development of a country as they provide jobs and workforce to the nations. World Bank SME Finance Report 2008, state that SMEs represent 90 percent of the business throughout the world, provides more than 50 percent job opportunities and 40 percent of national income (GDP) in emerging the economies. Thus, it is very important for a country to ensure the sustainability of its SMEs. This study aims to find out the financial and non-financial government assistance or support needed by the SMES to ensure their sustainability especially facing with the financial distress which is due to the Covid 19 crisis. The pandemic had caused major implication to businesses around the world especially to the SMEs leaving more than 1.2 million people to become jobless. The findings of the study reveal the types of financial business advise needed by the SMEs and highlight the financial support that they obtain in continuing their business due to the impact from the crisis.