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PM: RM73.5mil for micro financing programme, night market transformation

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PUTRAJAYA: Prime Minister Datuk Seri Ismail Sabri Yaakob has announced new initiatives for hawkers and petty traders involving an allocation of RM48.5mil for micro financing programme, and another RM25mil for the implementation of Night Market Transformation.

He said under the micro financing programme, the hawkers and petty traders can apply for Syariah-compliant microcredit financing with a zero percent profit rate from Bank Rakyat.

The programme offers microcredit financing of between RM10,000 and RM50,000 with a repayment period of up to five years, he said when launching the 2021 Keluarga Malaysia Hawkers and Petty Traders Day and the National Night Market Transformation Programme here on Friday . "No profit rate will be imposed on the applicants, only a management cost of one percent will be charged on their collection,” he said.

 

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PM announces RM73.5m allocation for micro financing programme, night market transformation | Malay MailPUTRAJAYA, Dec 3 — Prime Minister Datuk Seri Ismail Sabri Yaakob today announced new initiatives for hawkers and petty traders involving an allocation of RM48.5 million for micro financing programme and another RM25 million for the implementation of Night Market Transformation. He said under the... Fishing for early adopters
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