Grants and loans set up for Malaysian SMEs are underused
Survey finds awareness of such schemes to be low, or that applying for them is too cumbersome
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Kuala Lumpur
THE funding schemes put in place for Malaysia's small to medium enterprises (SMEs) are not being put to effective use because not enough people know about them, a survey has found.
The Associated Chinese Chambers of Commerce & Industry of Malaysia (Acccim), citing data compiled by the SME Corporation, said there are 94 loan schemes, eight grant schemes, eight venture capital funds and 14 guarantee schemes open to SMEs.
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