How does the Proton S70 financing scheme aim to benefit taxi drivers directly?

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A Dedicated Financing Scheme for the Proton S70 Will Be Developed to Enable Taxi Drivers to Own the Vehicle

The Malaysian government has reached an agreement with Proton and the Transport Ministry to establish a dedicated financing scheme. This initiative is specifically designed to facilitate taxi drivers in acquiring the Proton S70, thereby assisting them in upgrading their vehicles. The announcement follows the Prime Minister's declaration of an additional RM10 million allocation for the Vehicle Replacement Matching Grant Programme, which aims to support taxi drivers in replacing their older vehicles.
Agreement with Proton and Transport Ministry

An accord has been finalised between the government, represented by Proton and the Transport Ministry, to create a bespoke financing arrangement. This scheme will focus on making the Proton S70 accessible to licensed taxi operators, providing a structured pathway for ownership. The specifics of this scheme, such as interest rates and repayment terms, are expected to be detailed as its development progresses.
Additional Funding for Vehicle Replacement

In conjunction with the financing scheme, Prime Minister Datuk Seri Anwar Ibrahim announced an immediate additional RM10 million for the Vehicle Replacement Matching Grant Programme. This funding is an extension of the RM10 million initially allocated in Budget 2026 for the National Madani Taxi Reform Programme. The additional sum is intended to further assist taxi drivers in replacing their aging fleets, reflecting a commitment to modernising the taxi industry.
Encouraging Response to Initial Allocation

The Prime Minister noted that the initial RM10 million allocation for the National Madani Taxi Reform Programme had garnered a very encouraging response. This positive reception has prompted the approval of the further RM10 million, underscoring the government's recognition of the taxi industry's significance and its willingness to invest in its improvement. The programme aims to address various aspects of taxi services, with vehicle upgrades being a key component.

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How does the Proton S70 financing scheme aim to benefit taxi drivers directly?

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