Minister of Finance, Lim Guan Eng announced that RM30 million "Chinese hawker
micro-loans" and RM50 million "Chinese business SMEs
micro-loans" have officially started on January 1, 2019. People who are
interested in lending can apply for loans from the branches of 400 National
Savings Banks (BSN) nationwide.
Lim Guan Eng said in a
statement today that Intentional borrower can apply for “Chinese hawker
micro-loans” and “Chinese business SMEs micro-loans” from the National Savings
Bank from January, with an annual interest rate of 4%. The application does not
require any intermediary and no commission is required.
"The two micro-loans
are listed in the Budget 2018. Even if Malaysia has undergone political
transfer last year, the project will still go on. Unlike the past, this
national grant is no longer handed over to KOJADI which is under Barisan
National but transferred to Bank Simpanan Nasional, which is responsible for
lending."
He believes that politics
and economic business must be separated so that the country can grow healthily
and the economy will flourish.
Lim Guan Eng said that
"Chinese hawker micro-loans" and "Chinese business small and
medium-sized enterprises micro-loans" will provide RM 5,000 to a maximum
of RM 50,000 loans to Chinese hawkers or Chinese businessmen across the
country. Get
the appropriate loan facilities based on their abilities and needs in order to
assist them with capital turnover or business expansion.
He hoped to enhance the
competitiveness of the industry through two micro-loans, in order to have
better performance in 2019 and contribute to the Malaysian economy.
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