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Budget 2015 To Help Boost Growth Of SMEs

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JASIN – The 2015 Budget, tabled by Prime Minister Datuk Seri Najib Tun Razak in Parliament yesterday, will help boost the growth of small and medium enterprises (SMEs).

Chairman of Perbadanan Usahawan Nasional Bhd (PUNB), Tan Sri Mohd Ali Rustam, said the loans from banks and entrepreneur development agencies would also help increase the participation of the entrepreneurs, especially the Bumiputeras, in SMEs.

“Najib’s announcement on the allocations for the SMEs clearly showed the government’s concern in the development and growth of the industry and the entrepreneurs in the country,” he said.

Mohd Ali said this at a media briefing after visiting the Serkam Halal Hub here today.

Under Budget 2015, the SME Investment Partner programme would get RM375 million for five years. The SMEs would be given financial assistance in the form of loans, equity or both, particularly at the start-up stage.

To enhance the use of technology, automation and innovation in the development of SMEs, RM80 million would be allocated for a soft loan scheme for automation and modernisation of SMEs under the Malaysian Industrial Development Finance Bhd.

Earlier, Mohd Ali said PUNB hoped that it would get additional allocation under the budget.

“PUNB has not received any information on the amount it would receive next year,” he said.

He said PUNB gave out over RM200 million in loans to entrepreneurs every year. – BERNAMA

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