KUALA LUMPUR: Bank Rakyat has allocated RM50 million via the Bank Rakyat Indian Entrepreneur Financing-i (BRIEF-i) programme to assist the Indian entrepreneur community operating micro, small and medium enterprises (MSMEs) in terms of working capital and capital expenditure for business expansion. This assistance for the Indian entrepreneur community will help to achieve the government’s aspiration in eradicating hardcore poverty and bridging the economic gap for a prosperous MADANI Malaysia, he said. "BRIEF-i is an initiative that can create a brighter future for the Indian entrepreneur community. As for small and medium enterprises (SMEs), the financing rate is base financing rate (BFR) plus 0.67 per cent per annum with a guarantee fee, and the financing amount is between RM50,001 and RM1 million. Those keen to apply or obtain further information can go to Bank Rakyat’s official portal and QR2E (Quick Response to Entrepreneurs) at www.bankrakyat.com.my and https://qr2e.bankrakyat.com.my, respectively, or visit any Bank Rakyat Business Banking Centre.

Source: The Star June 05, 2024 16:21 UTC