Tuesday, March 26, 2013

Micro-Credit: Priority Will Be Given To New Applicants - Ismail Sabry

TEMERLOH, March 25 (Bernama) -- Petty traders and hawkers who have never applied for loans from banks or financial institutions will be given priority under the Micro-credit Financing Scheme (MFS), said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.

Source from (Bernama): http://www.bernama.com/bernama/v7/ge/newsgeneral.php?id=937327
Published: March 26, 2013

He said the government had allocated RM150 million to be disbursed under the scheme.

"Last year RM50 million was allocated and this year RM100 million more was approved.

"As such, the 1.5 million hawkers and petty traders registered with the Companies Commission of Malaysia (SSM) can apply. Priority will be given to applicants who have never applied for loans before," he told reporters here Monday.

Ismail Sabri added that 17,871 applications for financing under the scheme had been received thus far involving 13,484 hawkers and 4,395 petty traders.

-- BERNAMA 

No comments:

Post a Comment