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2 clusters · 3 sources · 9 days · First seen · Last updated

Malaysian entrepreneurship support initiatives

Overview

The Malaysian government has introduced several financial initiatives to support small-scale entrepreneurs and local traders.

In late September, Prime Minister Anwar Ibrahim launched the Skim Usahawan Bangkit Negeri Kedah in Kedah. Part of the Geran Sejahtera MADANI program, this scheme provides equipment assistance worth up to RM5,000 to over 1,000 entrepreneurs, specifically targeting the B40 group to help increase family incomes.

Following this, the Ministry of Entrepreneur Development and Cooperatives announced a RM30 million allocation for the BERKAT Deepavali scheme. Managed via TEKUN Nasional, this initiative offers financing of up to RM30,000 at a three percent annual profit rate to support Indian community entrepreneurs in sectors such as food, beverage, and clothing ahead of the festival.

Entities

Kedah · Ministry of Entrepreneur Development and Cooperatives · Anwar Ibrahim · TEKUN Nasional · Geran Sejahtera MADANI

Timeline

  1. [BUSINESS] 2 sources
    Malaysia allocates RM30 million for Deepavali entrepreneur scheme

    Malaysia's KUSKOP has launched a RM30 million BERKAT Deepavali scheme via TEKUN Nasional to provide up to RM30,000 in financing for Indian entrepreneurs to prepare for the upcoming festival.

  2. [BUSINESS] 2 sources
    Anwar Ibrahim launches entrepreneurship scheme in Kedah

    Prime Minister Anwar Ibrahim launched the Skim Usahawan Bangkit in Kedah, providing up to RM5,000 in equipment grants to over 1,000 small entrepreneurs and B40 traders.

Sources

berita.rtm.gov.my · malay.news · malaysiadateline.com