Perak to establish interest-free micro-credit loan scheme for traders

LENGGONG (Bernama): Perak will establish an interest-free micro-credit loan scheme for traders affected by the Covid-19 pandemic, says Menteri Besar Datuk Saarani Mohamad (pic).

He said the state government was collecting funds and refining the loan mechanism, adding that the government had pooled together initial funding of RM3 million, with RM1 million each from last year’s economic stimulus package, Perak State Agricultural Development Corporation and Perak Entrepreneur Secretariat (Step).