To help SMEs in Malaysia maintain a healthy cash flow cycle while also mitigating the credit risk to the country’s financial institutions, the Malaysia government’s Ministry of Finance (MoF) has unveiled the National Supply Chain Finance Platform, also known as the JanaNiaga digital platform.
To kickstart the operations of the JanaNiaga platform, the Export-Import Bank of Malaysia (EXIM Bank) has provided RM300 million, which is likely to surge to RM1.2 billion in the future with additional funds coming from other financial institutions when the latter start participating and supporting the JanaNiaga initiative in phases.
