The costs involved in the early stages of financing for SME’s are quite high. Acknowledging this fact, at the 17th meeting of the National SME Development Council yesterday, I stated that the government would give out the subsidies at an interest rate of 2 per cent to identified SME Partners under the SIP programme of the SME Masterplan.
The Government has always been privy to the needs and wants of the Small and Medium Enterprises (SMEs). Through Bajet 2015, an allocation of RM375 million has been proposed for five years in the form of loans, equity or both, for the SME Investment Partner (SIP) programme – especially at the most crucial stage – the start-up. I hope that these initiatives will help the SME industry to grow and further contribute to Malaysia’s economic development.
Original post: https://www.facebook.com/najibrazak/photos/a.294787430951/10152425811920952/?type=3