53,782 Tekun Nasional borrowers fail to pay outstanding loans, says ministry

KUALA LUMPUR, Nov 24 — The Tekun Nasional has issued loans worth RM3.6 billion to 424,563 entrepreneurs nationwide, as of Sept 30.

Of the total, 53,782 borrowers failed to pay outstanding amount of RM190.9 million.

Ministry of Agriculture and Agro-based Industry (MOA) in a written reply to Datuk Mansor Othman (PKR-Nibong Tebal), that was issued at the lobby of Parliament, said the borrowers were from various business sectors including services, retail, agriculture and agro-based industries.

“The amount collected so far is RM60.8 million or 31.85 per cent of the total outstanding amount,” it said today.

The hard-core defaulters under the Tekun Nasional are classified as borrowers, who fail to pay instalments as stated in the loan agreement of more than 24 months. — Bernama

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