Malaysia's Finance Ministry, banks boost aid to rural entrepreneurs

Malaysia's Finance Ministry along with banks have created a finance cluster to help traders and entrepresenurs in Rural Transformation Centres  expand businesses.

The banks involved were Bank Simpanan Nasional, Agrobank, SME Bank, Yayasan Pembangunan Ekonomi Islam Malaysia, Tekun Nasional and Amanah Ikhtiar Malaysia.

“We see that rural entrepreneurs probably need loans from the finance and banking sectors, and promoting rural industry in future will also need financing facilities,” said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

“The government has been continuously developing the rural areas, but the world has changed, hence the need for a new initiative, that is why we have introduced the RTCs,” he said, adding six RTCs will be developed nationwide, one each in Perak, Kelantan, Kedah, Johor, Sabah and Sarawak.

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