In his special address on Friday, Prime Minister Tan Sri Muhyiddin Yassin introduced “PENJANA” or the National Economic Recovery Plan, the latest initiative by his administration, targeting small-and-medium and mid-tier enterprises as well.br br The plan, dubbed as a short-term stimulus package, is to help the nation’s economy recover from the Covid-19 pandemic.br br Among the initiatives are:br Banking sector allocates RM2bil to assists SMEs with a threshold of RM500,000 per SMEbr br RM400mil to fund Penjana microcredit by Tekun and Bank Simpanan Nasional with RM50mil allocated especially for female entrepreneursbr br RM600mil to drive the process of digitalisation of businesses and innovation.