In June 01 (Tuesday), Prime Minister Datuk Seri Mohd Najib Tun Razak announced that the government grants given to the SMEs will be converted into soft loans, in order to reduce dependency on government grants and promote accountability.
For more information, please visit http://www.malaysiasme.com.my/index.php/SME-News/Grants-For-SMEs-To-Be-Converted-Into-Soft-Loans.html (Source)