KUALA LUMPUR, Oct 22 (NNN-BERNAMA) – Malaysia’s central bank said yesterday that, it will continue to support priority segments of micro, small and medium enterprises (MSMEs), to obtain financing at competitive rates.
This includes 600 million ringgit (125.85 million U.S. dollars) being earmarked for four target segments, Bank Negara Malaysia said, in a statement.
“The four target segments are a 200-million-ringgit increase in allocation for micro-enterprises facility, 200 million ringgit under all economic sectors facility, and 100 million ringgit each under agro-food facility and low carbon transition facility,” the statement said.
It also said, overall, about 8.4 billion ringgit is still available for MSMEs across all financing facilities, to support their involvement in key national initiatives, including New Industrial Master Plan 2030 and National Energy Transition Roadmap. (1 ringgit equals 0.21 U.S. dollars)– NNN-BERNAMA
