Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/government-allocates-rm1b-to-develop-sme-business/
Published: September 30, 2012
KUALA LUMPUR, Sept 28 — One billion ringgit will be provided under
the SME Development Scheme to be managed by the SME Bank, Prime Minister
Datuk Seri Najib Razak announced today.
The measure will help small-and-medium enterprises (SMEs) gain access to further financing to develop their businesses.
In tabling the 2013 Budget, he said the SME Bank, with the
cooperation of the Islamic Development Bank, will provide RM200 million
to the Halal Industry Fund to finance the working capital of
participating SMEs.
Najib said Perbadanan Nasional Bhd would also provide soft loans to
hawkers and small businesses of up to RM25,000 for licensees and
RM500,000 for licensors to modernise their operation.
This programme will provide guidance and advisory services on new
business concepts such as mobile shops, kiosks and online businesses.
The prime minister also proposed a group insurance coverage scheme
for hawkers and owners of small business registered with the Companies
Commission of Malaysia.
“The scheme will provide maximum coverage of up to RM5,000. For the
first time, the government will finance this scheme with an allocation
of RM16 million a year,” he said.
Currently, there are 1.5 million hawkers and small businesses operating traditionally and without a fixed income. — Bernama
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