KUALA LUMPUR: The bumiputra portion of the RM3bil Working Capital Guarantee Scheme (WCGS) for small and medium enterprises (SMEs) has been extended 12 more months until the end of 2012 to ensure that the scheme would be fully utilised.
Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcob said the RM3bil, which was allocated equally for both bumiputra and non-bumiputra, had not been fully utilised by the former. “Under the scheme, RM1.5bil had been allocated for bumiputra companies but only RM300mil had been used so far,” he said at the Teras Programme launch by Unit Peneraju Agenda Bumiputra (Teraju) yesterday.
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