PM announces additional allocation of RM100m for micro financing scheme under Tekun, RM30m for Bumiputera programme

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KUALA LUMPUR, June 27 — Prime Minister Datuk Seri Ismail Sabri Yaakob today announced an additional allocation of RM100 million for the Informal and Micro Financing Scheme (SPIM)...

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KUALA LUMPUR, June 27 — Prime Minister Datuk Seri Ismail Sabri Yaakob today announced an additional allocation of RM100 million for the Informal and Micro Financing Scheme under the National Entrepreneur Group Fund .

“SPIM loans are popular for financing by informal and micro traders...in the interest of small entrepreneurs, I have announced another RM100 million allocation for SPIM. The prime minister said entrepreneurship development was one of the most important investments for the development of a country, apart from being the core for business innovation and transformation towards a high-income country.

He said the business sector, especially PMKS, has remained significant to the country’s economic development despite the many challenges faced. He said the rapid development of the digital economy should be well utilised for business expansion purposes.

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