JanaNiaga to ease SME cashflow issues

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.