SME loans are for all
Malaysia Prime Minister Datuk Seri Ahmad Badawi has assured Malaysians that SME loans will be given to small and medium sized industry business owners regardless of their races.
He told the press that the SME banks are not only government-linked institutions but also commercial and financial institutions.
What it means is that any entrepreneurs wishing to get some capital from the banks will be able to do so provided the meet all the required guidelines.
Some parties have been asking questions of whether the loans by SME banks are biased towards bumiputras only.
An expected total loan of more than 3 billion ringgits are being committed to make the SME development program a success.
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