|MIBA hands over Economic Report||| Print ||
The MIBA met Dato Ravin Ponniah who is the Malaysian PM’s special officer on Indian Affairs on 3rd May 2012 at his office in Putra Jaya at 10.00 am and handed over the Malaysian Indian Business Master Plan (2012 to 2020).
Among others MIBA President raised several key issues to Ravin highlighting the need for the Government to expand the scope of lending through friendly financial institutions like BSN to the micro and informal business section of the communityMIBA also raised on the viability of the RM 100 million loan fund available for Indian women through Amanah Ikhtiar Malaysia (AIM) which posses challenges to the Indian Women borrowers on the application process.Sivakumar also stressed to Ravin on the need of the PM not to be selective with some elite groups therefore missing out on the real impact at the grassroots.Sivakumar raised the serious number of Indian businesses who have been blacklisted and who have become bankrupt disqualifying them to take advantage of the government finances that are now available through government linked lending InstitutionsMIBA now is working on the theme “The need to make more Indians bankable”.Bank Negara has extended to MIBA an invitation on 30th May 2012 on finding solutions to Indian businesses who have become blacklisted and are facing a difficult time in securing loans for their businessesOn the same date MIBA will also have a forum with industry experts as a follow up session on the Business Master plan (2012 to 2020)The Agenda for Discussion1. Building Capacity for Wealth Creation2. Establishment of a dedicated mechanism for economic empowerment