The government has channelled RM5.76 billion in financing to 261,651 micro, small, and medium enterprise (MSME) entrepreneurs from January to August this year through the Entrepreneur and Cooperatives Development Ministry (KUSKOP) and its agencies.
Government Allocates RM5.76b to Support 261,651 MSME Entrepreneurs
Minister Datuk Ewon Benedick said the ministry has also enhanced the capacity and capability of MSMEs through integrated and targeted development programmes, such as the Vendor Capacity Development Programme 2.0, which involved 30 vendor companies with an allocation of RM3.5 million.
“Additionally, as of Sept 30, 2024, SME Corporation Malaysia is implementing the Business Accelerator Programme for 197 MSME entrepreneurs with an allocation of RM34.12 million,” he said during the question-and-answer session in the Dewan Rakyat today.
Ewon was responding to a question from Datuk Muslimin Yahaya (PN-Sungai Besar) regarding the current number of MSMEs and informal entrepreneurs post-Covid-19 and the ministry’s efforts to help entrepreneurs boost their business sales.
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