Tengku Zafrul: SME financing platform Jana Niaga to get RM1.2b allocation | Malay Mail

KUALA LUMPUR, July 22 — The allocation for the National Supply Chain Finance Platform, Jana Niaga, is expected to reach RM1.2 billion, with the additional allocation from financial institutions which will participate in phases.

He said Jana Niaga, led by Exim Bank with the participation of several financial institutions in Malaysia, would benefit the SMEs that are experiencing cash flow problems following a longer invoice payment period, besides facilitating them in obtaining loans. “With the support of GLCs, SME suppliers will enjoy financing rate as low as 3.5 per cent annually with 100 per cent financing margin, far lower than normal financing rate,” he said in his speech at the launch of the Jana Niaga platform today.

Based on the average invoice of 90 days, the allocation of RM1.2 billion would contribute some RM4.8 billion per year to the cash liquidity of the SMEs, he said.

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