BUKIT MERTAJAM: The Ministry of Entrepreneur and Cooperative Development (KUSKOP) has approved financing of RM70 million to nearly 2,000 Indian entrepreneurs nationwide through the Entrepreneur Capital and Indian Economic Stimulus Package 2026 (MUDRA) so far.
Its Minister, Steven Sim, said the amount was part of an overall fund of RM220 million announced recently, to help empower Indian entrepreneurs in the country.
“I hope more entrepreneurs will come forward to participate in our MUDRA program, which is a program under Power Up 10,000 to boost and help Malaysian businesses.”
“The MADANI Government’s commitment is to continue to empower the micro, small and medium enterprise (MSME) sector as the main pillar of the country’s economic development, including ensuring more inclusive entrepreneurial development involving the Indian community through various special schemes and targeted assistance,” he said.
He said this after attending the Sales Carnival and Entrepreneur Engagement Session of the Malaysian Indian Chamber of Commerce and Industry (MAICCI) together with KUSKOP agencies in conjunction with Mother’s Day celebrations.
The program, organised by MAICCI, brought together approximately 30 local entrepreneurs with 10 agency booths under KUSKOP participating to open up networking spaces, advisory services and financing opportunities for local SMEs.
Sim, who is also the Member of Parliament for Bukit Mertajam, congratulated MAICCI and Sri Muniswarar Temple on the success of organising the carnival, which he described as an important platform to further boost the people’s business activities.
KUSKOP also welcomes the organization of the Indian Entrepreneur Carnival tour series by MAICCI throughout the country, and will provide full cooperation including mobilizing agencies under it to participate in the program.
The participation of the KUSKOP agency in the carnival aims to provide explanations, information and provide services directly to participating Indian entrepreneurs.
Touching on the redevelopment of the Bukit Mertajam Indian Society building, Sim said the historic building, which was established in 1952, would be redeveloped as a symbol of the Indian community in Bukit Mertajam, as well as for the convenience of the general public.
— BERNAMA
