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PETALING JAYA: Industry players and NGO are calling on the government to invest in potential small and medium enterprises (SME) rather than give out loans and grants to help businesses.

Brainy Bunch Group founder Fadzil Hashim said there should be a stop to rhetorical statements.

“To improve the country’s economy, the government must first help SME as they are the largest employers,” he told theSun.

Fadzil, who is also the founder and owner of SME Mall and Malakat Mall in Cyberjaya, said government grants and loans may only benefit a few.

“SME and micro-businesses wanting to apply for government loans and grants must provide complicated paperwork that most SME and micro-business owners are not familiar with,” he said.

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READ MORE:  https://aseanews.net/2022/08/15/headline-local-petaling-jaya-invest-in-sme-instead-of-giving-out-loans-and-grants-govt-urged/

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