Chee Hong Tat on cash flow support for SMEs during COVID-19 pandemic
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Chee Hong Tat on cash flow support for SMEs during COVID-19 pandemic(Updated: )
The SME Working Capital Loan announced in Budget 2020 commenced on Mar 2. As at Mar 31, a total of 662 enterprises took up loans with Participating Financial Institutions. About 90 per cent of them are micro and small enterprises. Senior Minister of State for Trade and Industry Chee Hong Tat gave this update in Parliament on Monday (Apr 6), in reply to an MP’s questions. He said more support will be given to enterprises to manage their cash flow.