PUTRAJAYA: Hawkers and petty traders may enjoy interest-free loans to
expand their businesses from January next year, said Domestic Trade,
Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob. He
added that his ministry had discussed with the Public-Private
Cooperation Unit (Ukas) the possibility of offering zero-interest loans
to small businesses under the Government’s 2013 Micro-Credit Scheme.
Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2012/11/19/nation/12339691&sec=nation
Published: November 19, 2012
“Ukas has agreed in principle to the plan to give out the loans at 0% interest.
“This
has been documented in the minutes of our meeting with them, but for
now it remains unofficial,” he said after launching the National Hawkers
and Petty Traders Convention 2012 here yesterday.
A total of
RM50mil has been allocated for 2013 under the scheme to provide loans
ranging from RM5,000 up to RM50,000 to small business owners registered
with the Companies Commission of Malaysia.
Ismail said the scheme
aims to provide hawkers and petty traders help in either increasing
their working capital or expanding their businesses, for example by
upgrading their stalls or buying more equipment.
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