Tag: Small Business Finance
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SME Groups Welcome RM100 Million Financing Initiative for Malaysian Chinese MSMEs, Eye Room to Grow
SME groups laud RM100 million financing initiative for Malaysian Chinese MSMEs SMEs and business associations have welcomed the government’s new RM100 million financing initiative aimed at Malaysian Chinese micro, small and medium enterprises (MSMEs). While hailed as a breakthrough in widening access to capital, industry players say there is still room to grow the program…
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Labour MPs push for law to expand affordable bank lending to small businesses and deprived areas
Labour backbenchers press for a bold step in banking reform Senior Labour backbenchers are pushing for a legislative shake-up aimed at widening access to affordable credit for small businesses, particularly in low-income areas. The proposed measure, backed by former minister Gareth Thomas, would compel banks to increase lending to small firms and to communities that…
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Museveni Announces Shs85 Billion Revolving Fund for Salon Operators
President Museveni Unveils a Major Support Plan for Salon Operators In a move aimed at stimulating small business growth across the country, President Yoweri Kaguta Museveni announced an ambitious support package for salon operators. Speaking at Kololo Ceremonial Grounds during the official launch of a national trade and services initiative, the president pledged a revolving…
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RBI CCS: A Banking Revolution with Real-Time Check Clearing
RBI CCS: A Banking Revolution with Real-Time Check Clearing India’s banking sector is witnessing a transformative leap with the introduction of the Continuous Check Clearing System (CCS) by the Reserve Bank of India (RBI). While widespread digital banking has already brought near-instant transfers and seamless online services, traditional paper checks have lagged behind. CCS bridges…