{
  "id": 10153621,
  "title": "Ministry seeks extra RM100mil for new village entrepreneurs",
  "url": "https://urgent.news/2026/09/27/ministry-seeks-extra-rm100mil-for-new-village-entrepreneurs",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-27T06:25:33.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/news/nation/2026/09/1542195/ministry-seeks-extra-rm100mil-new-village-entrepreneurs"
  },
  "original_language": "en",
  "account": "The Housing and Local Government Ministry in Malaysia is requesting an additional RM100 million from the Finance Ministry to bolster a financing scheme aimed at supporting entrepreneurs in new villages. This scheme, currently valued at RM420 million, was nearly fully utilized, with RM300 million already disbursed to entrepreneurs. The scheme, managed in partnership with Bank Simpanan Nasional (BSN), offers loans up to RM150,000 with an interest rate as low as two per cent. As of now, RM300 million in loans have been successfully provided, with a repayment default rate of less than one per cent, and over 99 per cent of borrowers making their repayments diligently. The additional funding will ensure the scheme continues to benefit thousands of entrepreneurs in new villages, enabling them to expand their businesses and contribute to economic growth in these areas.",
  "summary": "KUALA LUMPUR: The Housing and Local Government Ministry will seek an additional RM100 million from the Finance Ministry to expand a special financing scheme for entrepreneurs in new villages, bringing the fund to RM420 million from next year.",
  "key_points": [
    "Malaysia's Housing and Local Government Ministry requests RM100 million extra.",
    "Funding aims to support new village entrepreneurs through RM420 million scheme.",
    "Additional funds will continue benefiting thousands of entrepreneurs."
  ],
  "editors_take": "The ministry's request for extra funds ensures continued support for new village entrepreneurs, enabling them to expand their businesses and contribute to local economic growth with low-interest loans.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}