KUALA LUMPUR, Oct 16 (Bernama) -- The RM1 billion Small-and-Medium
Entrepreneurs Development Scheme, announced in the 2013 Budget, will be
funded via the issue of sukuk or Islamic bonds.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=702510
Published: October 17, 2012
Deputy International Trade and Industry Minister Datuk Mukhriz Tun
Mahathir said SME Bank has been given the mandate to manage the funds
aimed at helping SMEs gain access to further financing to develop their
businesses.
"However, the terms and conditions of the scheme are still in the
preparatory stage and will be ready by year-end," he said in winding up
the debate on the Supplies Bill 2013 in the Dewan Rakyat Tuesday.
He said SMEs can source for funding from the scheme beginning January.
Mukhriz said information on the scheme would be disseminated by the
bank to SMEs at seminars, entrepreneurship expositions and clinics and,
the media.
-- BERNAMA
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