KUALA LUMPUR, Feb 23 — The government will consider increasing the allocation for the micro credit scheme under its second economic stimulus package or mini-budget, Deputy Prime Minister Datuk Seri Najib Razak said.
It will be considered and most probably under the second stimulus package, he told reporters after chairing the Cabinet Committee on Indian Affairs at the Parliament building here today.
“We can consider extra allocation for the micro credit programmes which will provide benefit to all the races,” he said.
Asked on the total allocation for the mini-budet or second economic stimulus package, Najib said: “I cannot confirm anything. We will tell everything when the time comes.”
The deputy premier will present the mini budget in Parliament on March 10 where he will also announce the reviewed Gross Domestic Product (GDP) growth projection.
On November 4 last year, Najib, who is also Finance Minister, announced a RM7 billion economic stimulus package to mitigate the effects of the global economic slowdown.
On increasing the equity participation of Indians in the country’s economic pie, which now hovers around 1.2 per cent, Najib said it would need time to be studied. — Bernama
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