Indians in Malaysia's new villages denied loans

Kuala Lumpur, Sept 5 (ANI): Indians living in new villages in Malaysia have reportedly been denied the opportunity to take loans from a RM15mil revolving fund launched by Deputy Prime Minister Muhyiddin Yassin.

The Star quoted a Buntong New Village resident as saying that the fund was to help the villagers to pay land premiums, renew leasehold permits, support small businesses and undertake home improvements.

He said 607 new villages nationwide were eligible to apply for loans but Indian residents' applications had been rejected.

In a letter to Prime Minister Najib Tun Razak, the resident complained that the fund should be opened to anyone staying in a new village, and since Indians lived in these villages, their applications should also be accepted. (ANI)