Lim Guan Eng urges RM150m MSME loans for Chinese and Indian businesses to be channelled through BSN, cites Shariah compliance restrictions
KUALA LUMPUR, June 2 -- Bagan MP Lim Guan Eng has called for RM100 million in loans allocated for Chinese-owned micro, small and medium enterprises (MSMEs) and RM50 million under Tekun Nasional for Indian-owned MSMEs to be channelled through Bank Simpanan Nasional (BSN) instead of other financial institutions.
According to a press statement issued in Kuala Lumpur on Tuesday, Lim said placing the special RM100 million financing for Chinese-owned MSMEs under SME Bank and Bank Rakyat - which require Shariah-compliant business activities - has caused dissatisfaction among non-Muslim Chinese businesses.
He said this could limit access for Chinese-owned MSMEs involved in sectors such as food and beverage, traditional Chinese medicine, and ent...
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