BSN, the coordinating bank managing RM300mil under the scheme, said it is offering financial assistance of up to RM50,000 with a profit rate of 3% for the financing period of between one to five-and-a-half years. Monthly instalment payments will only start after the sixth month.
In a statement yesterday, BSN spelled out the five options available through both Islamic and conventional financing schemes. For those requiring funds for working capital or capital expenditure, BSN offers BSN Micro/i PEMERKASA for micro entrepreneurs who own sole proprietorship, partnership or private limited company; BSN Micro/i PEMERKASA-NITA for women entrepreneurs; and BSN Micro/i PEMERKASA MUDA for young entrepreneurs aged 30 years and below; and BSN Micro/i PEMERKASA ISTIMEWA for micro entrepreneurs with disabilities.
BSN chief executive Jay Khairil Jeremy said the bank continues to strengthen its commitment in assisting their targeted customers comprising the bottom 40% of income earners , middle 30% and micro entrepreneurs. “We acknowledge that our customers, especially micro entrepreneurs, are still in need of the assistance, ” he said. ─ Bernama