Seven-day fast-track approvals, low-interest funding to boost Indian businesses for Deepavali

MALAYSIAN Indian micro-traders preparing for Deepavali will benefit from a fast-tracked seven-day application turnaround and accessible credit assessments under a new RM30 million festive financing initiative.

The BERKAT Deepavali scheme, launched by the Ministry of Entrepreneur Development and Cooperatives (KUSKOP) via Tabung Ekonomi Kumpulan Usaha Niaga (TEKUN) Nasional, provides funding of up to RM30,000 at an annual profit rate of three per cent over a 12-month tenure.

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