Rafizi: Loans, not grants, to strengthen bumi economy


‘Tougher’ approach: Rafizi said the pivot to providing credit instead would ensure applications from those who are serious about building a business. — Bernama

CYBERJAYA: In a break from past practices, the unity government is moving away from giving grants to bumiputra entrepreneurs. Instead, it will assist them with loans as part of its agenda to strengthen the community’s economy.

By getting entrepreneurs to pay back what they borrow, the government hopes to create a steady supply of funds that could benefit more such businessmen, said Rafizi Ramli.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Rafizi Ramli , bumiputra

Next In Nation

Sail Malaysia rally to highlight Sabah’s rural tourism
Two deputy ministers told off for chatting during Parliament session
Highlight Baba Nyonya, Chetty communities as national unity icon, urges MP
Three Immigration officers, restauranteur charged with bribery in Johor
RM22mil in contraband cigs, alcohol seized
Public service hopeful tests positive for drugs during job interview in Sibu
Contractor appointed to investigate Bayan Lepas sinkhole
Children must pass special diagnostic test before entering Year One, says Fadhlina
Defence Ministry to manage satellite systems independently by 2029
Six remanded over fraudulent health reports for Perkeso invalidity pensions

Others Also Read