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.