The Edge MarketsJan 14, 2022MEDAC offers moratorium for flood-affected MSME entrepreneursPUTRAJAYA (Jan 3): The Ministry of Entrepreneur Development and Cooperatives (MEDAC) is offering a moratorium to flood-affected micro, small, and medium enterprise (MSME) entrepreneurs who are financed by its agencies.Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar, in a statement on Monday, said the moratorium is in line with the commitment of Prime Minister Datuk Seri Ismail Sabri Yaakob, who is concerned about the plight of MSME entrepreneurs and wants the sector to be revived immediately.Noh said Bank Rakyat is offering a six-month bank loan moratorium on its Personal Financing-i, Housing-i, Vehicle-i, Vehicle Hire Purchase-i, Education-i, Micro-i as well as deferment of profit payments for Mortgage-i.Read more at The Edge Markets
PUTRAJAYA (Jan 3): The Ministry of Entrepreneur Development and Cooperatives (MEDAC) is offering a moratorium to flood-affected micro, small, and medium enterprise (MSME) entrepreneurs who are financed by its agencies.Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar, in a statement on Monday, said the moratorium is in line with the commitment of Prime Minister Datuk Seri Ismail Sabri Yaakob, who is concerned about the plight of MSME entrepreneurs and wants the sector to be revived immediately.Noh said Bank Rakyat is offering a six-month bank loan moratorium on its Personal Financing-i, Housing-i, Vehicle-i, Vehicle Hire Purchase-i, Education-i, Micro-i as well as deferment of profit payments for Mortgage-i.Read more at The Edge Markets
