Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the amount would contribute some RM4.8 billion per year to the cash liquidity of small and medium enterprises (SMEs), with the average invoice for 90 days.
KUALA LUMPUR: The allocation for the National Supply Chain Finance Platform or JanaNiaga is expected to reach RM1.2 billion, with the additional allocation from participating financial institutions to come in phases.
Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the amount would contribute some RM4.8 billion per year to the cash liquidity of small and medium enterprises (SMEs), with the average invoice for 90 days.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.