NEWS

Govt will continue to support strategic projects via Bank Pembangunan's financing



KUALA LUMPUR, Oct 11 -- The government will continue to support strategic projects through financing programmes under Bank Pembangunan Malaysia Bhd, offering a 2.0 per cent interest subsidy per annum.

Finance Minister Lim Guan Eng said the subsidy would be channelled via the Sustainable Development Financing Fund size, which will be increased from RM1 billion to RM2 billion, the RM1 billion Maritime & Logistics Fund, and the RM2 billion Industry Digitalisation Transformation Fund which will now also support the implementation of connectivity projects.

“The Pakatan Harapan administration has separated politics and public funding by providing RM100 million for Small Business Loans for the Chinese community via Bank Simpanan Nasional with more than 380 branches throughout the country, at an interest rate of 4.0 per cent,” he said when tabling the 2020 Budget at Parliament today.

For Indian entrepreneurs, he said the government would provide RM20 million under TEKUN Nasional’s Indian Community Entrepreneur Development Scheme (SPUMI), expected to benefit 1,300 entrepreneurs at an interest rate of 4.0 per cent.

-- BERNAMA





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