January 27, 2012
Five years as well as stand in your money. File pic
According to a Bernama Online report, a PNB boss as well as organisation arch senior manager described a intrigue as a government-funded programme to inspire a investment robe between a lower-income groups.
Datuk Seri Najib Razak launched SARA 1 Malaysia upon January 12, as partial of his continuing bid to put money in voters' pockets forward of a polls expected soon.
During a launch, Najib pronounced investors essentially households earning next RM3,000 a month would be on trial to stand in their investment after 5 years.
"You cannot find a package similar to this anywhere else," pronounced Najib then.
Today, Hamad Kama Piah pronounced RM100 million in government subsidies will be handed out to Maybank, CIMB Bank, RHB Bank as well as Bank Simpanan Nasional to facilitate loans for field eligible to take partial in SARA 1 Malaysia.
Under Sara 1 Malaysia, field can select to invest RM5,000 of their savings to squeeze a units or apply for loans from participating banks.
Najib pronounced those who invested in a intrigue regulating their savings will be given a bound dividend of RM134 monthly. But if they select to reinvest it in a scheme, they will stand to embrace RM13,000 during a finish of a programme's five-year lifespan.
Those who obtained loans, however, will have to pay RM84 monthly as repayment, withdrawal them RM50 to reinvest as well as a RM10,000 payout in 5 years.
SARA 1 Malaysia will proce! ed recei ving applications from Monday.
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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