PETALING JAYA: Small and medium enterprises want the government to ensure that the application process for RM44bil in loans and funding guarantees is made easier and with more transparency.
In the revised Budget for 2023, the government pledged to provide a range of financing facilities and guarantees totalling RM40bil. He noted the importance of ensuring that the grant approval process is free from “cartel” influences. He urged the government to foster transparent etendering processes with preferences for targeted companies requiring support to help SMEs without increasing costs.
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