Speaking during the launch of JanaNiaga yesterday, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the platform offers financing to SMEs that are facing a cash crunch due to long invoice repayment periods.(File pic)
PETALING JAYA: The National Supply Chain Finance Platform or JanaNiaga is expected to contribute up to RM4.8bil a year to improve the cash liquidity of small and medium enterprises (SMEs).
This will be on the back of a RM1.2bil allocation through Export-Import Bank of Malaysia Bhd (EXIM Bank), coupled with additional allocation from participating financial institutions in phases, with an average invoice period of 90 days.
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