Zafrul: JanaNiaga allocation for SMEs to reach RM1.2b

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.