KUALA LUMPUR: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd has declared distributions amounting to more than RM107mil for five funds.
KUALA LUMPUR: The RM50mil allocation provided under the Bank Rakyat India n Entrepreneur Financing -i aimed at micro, small, and medium enterprises is expected to be fully utilised by August or September, said Deputy Entrepreneur Development and Cooperatives Minister Datuk R. Ramanan .
"...I would say maybe by August or September we would finish this RM50mil because, in a span of 15 days, we've already hit the 10% amount," he told reporters after handing over the mock cheques for the financing programme to the recipients at Menara Berkembar Bank Rakyat, on Friday . "The cooperation between the government and financial institutions such as Bank Rakyat is significant in assisting Indian entrepreneurs to achieve their business goals," he said.
BRIEF-i is designed to help Indian entrepreneurs involved in MSMEs with their working capital and allow them to expand their businesses.
BRIEF-I Funds Financing Business Expansion Halal Certification India Entrepreneurs Msmes
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