PUTRAJAYA, 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 micro financing programme, the hawkers and petty traders can apply for Shariah-compliant microcredit financing with a zero per cent 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.
“No profit rate will be imposed on the applicants, only a management cost of one per cent will be charged on their collection,” he said. — Bernama
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