MOM provides $8 million top-up to Risk Management Assistance Fund (RMAF)

Set up in April 2006 to help Small and Medium Enterprises (SMEs) build risk management capabilities, the first $5 million of the RMAF has been fully committed to some 800 SMEs.

To allow more SMEs to benefit from the scheme and implement risk management successfully, MOM will provide a $8 million top-up to the fund. The top-up would be $2 million per year for the next 4 years till 2011. The funding cap per company has also been reduced from $7,500 to $3,500.