Tag: KUSKOP

KUSKOP Stepping Up Efforts To Empower Hawkers, Petty Traders – Sim

GEORGE TOWN, May 14 — The Ministry of Entrepreneur and Cooperatives Development (KUSKOP) is intensifying efforts to help petty traders and hawkers improve their business management capabilities so that they can benefit from the various policies and financing facilities provided. Entrepreneur and Cooperatives Development Minister Steven Sim said the effort was being implemented through agencies […]

National Kekun Bumiputera financing fund increased to RM1 billion – Steven Sim

BANGI, 12 MAY -- The Bumiputera financing fund under the National Business Group Economic Fund (TEKUN Nasional) has been increased from RM500 million to RM1 billion, according to the Minister of Entrepreneur and Cooperative Development, Steven Sim. He said the government decided to increase the funding amount after an encouraging response to the scheme, which was previously increased from RM300 million to RM500 million. "This is part of the KUSKOP (Ministry of Entrepreneur and Cooperative Development) PowerUp 10K effort to strengthen Malaysian businesses." "We want more funds to be injected into the micro, small and medium enterprise sector (PMKS) as well as TEKUN Nasional which is one of the important agencies under KUSKOP," he said. He said this to reporters after the TEKUN Nasional 2026 Appreciation Ceremony, here, yesterday. Sim said the increased funding is expected to help entrepreneurs expand their businesses and face various global crises that affect the sector. "With this RM1 billion, we will not only be able to help entrepreneurs face geopolitical and geoeconomic challenges, but also help them to further expand their businesses," he said. The PowerUp 10K initiative implemented by KUSKOP aims to help SMEs entrepreneurs improve their businesses in the face of global uncertainty. Sim previously said that the government has allocated funding of up to RM15 billion into the market, to support the scaling up of approximately 10,000 MSME companies, in line with efforts to empower the people's economy. In a similar development, he also said that the government is expected to channel the entire fund (RM15 billion) through agencies under KUSKOP in 2026, to benefit 400,000 entrepreneurs and cooperatives nationwide. He said that TEKUN Nasional will also be strengthened through this large allocation, so that it can continue to play an important role in the agenda to empower the country's PMKS. "From Jan 1 to April 30 this year, TEKUN Nasional has channeled around RM360 million to almost 20,000 PMKS entrepreneurs," he said. At the event, Sim also celebrated the dedication and contributions of TEKUN Nasional employees in empowering businesses in Malaysia. A total of five categories of awards were presented to 247 recipients, namely the Jasamu Dikenang Award, the Loyal Service Award, the Excellent Service Award, the TEKUN Excellence Award and the 2025 Achievement Award. Also present were TEKUN Nasional Chairman, Datuk Abdullah Sani Abdul Hamid; Deputy Minister of KUSKOP, Datuk Mohamad Alamin and Secretary-General of KUSKOP, Datuk Seri Khairul Dzaimee Daud.

BANGI, 12 MAY — The Bumiputera financing fund under the National Business Group Economic Fund (TEKUN Nasional) has been increased from RM500 million to RM1 billion, according to the Minister of Entrepreneur and Cooperative Development, Steven Sim. He said the government decided to increase the funding amount after an encouraging response to the scheme, which […]

MUDRA funds 2,000 Indian entrepreneurs, RM70 million allocation

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

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 […]

SME Corp Allocates RM12 Mln To Bolster Local Entrepreneurs, Businesses

KUALA LUMPUR, May 10 2026 — SME Corp Malaysia has allocated RM12 million to strengthen the development of local entrepreneurs and businesses, which will benefit 500 Bumiputera youth entrepreneurs. The agency, in a statement today, announced that the allocation was channeled through the Tunas Usahawan Belia Bumiputera Skala (TUBE-S) Programme which was held simultaneously in […]

‘Hebatkan Perniagaan Malaysia’ Main Focus Of First 100 Days In KUSKOP – Steven Sim

KUALA LUMPUR, March 27 (Bernama) — Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong has placed “Hebatkan Perniagaan Malaysia” as the central thrust of his first 100 days leading the Entrepreneur Development and Cooperatives Ministry (KUSKOP), highlighting a series of key achievements aimed at strengthening the nation’s business landscape. Sim said the ministry’s early progress includes expanding access to financing, empowering micro, small and medium enterprises (MSMEs), and enhancing the national entrepreneurial ecosystem. “A hundred days in KUSKOP together with Malaysian entrepreneurs. Thank you KUSKOP staff, you delivered. I have only a single focus: Hebatkan Perniagaan Malaysia. We want to ‘Power Up’ Malaysian businesses, regardless of race and religion — Power Up, Jalan Teruih!” he said in a Facebook post today. Among the highlights, financing for Bumiputera entrepreneurs under Tabung Ekonomi Kumpulan Usaha Niaga Nasional (TEKUN Nasional) was increased from RM300 million to RM500 million. A new RM100 million financing scheme was also introduced through SME Bank and Bank Rakyat to support Chinese MSMEs. Additionally, funding for Indian entrepreneurs under the Indian Community Entrepreneur Development Scheme was raised from RM30 million to RM50 million. The minister also rolled out targeted financing initiatives, including the RM50 million Ramadan dan Perniagaan Rakyat Financing Scheme (BARAKAT) for Bumiputera MSMEs, the RM30 million Chinese-owned Micro Entrepreneur Special Financing Programme (BERKAT) for Chinese New Year, and the RM3 billion Women Entrepreneur Economy Fund (DEWI), which is expected to benefit 300,000 women entrepreneurs nationwide. On the international front, a business agreement worth RM2 billion was secured during the Makkah Halal Forum 2026, while participation in Japan Foodex generated RM90 million in sales. Efforts to strengthen the cooperative sector were also intensified, with RM254 million allocated — the highest in history — alongside the introduction of the Business School Malaysian Skill Certificate (SKM) to transform school cooperatives into business learning platforms for students. — MinutesMY / Igneseous Noris — PHOTO: FB Steven sim

KUALA LUMPUR, March 27 (Bernama) — Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong has placed “Hebatkan Perniagaan Malaysia” as the central thrust of his first 100 days leading the Entrepreneur Development and Cooperatives Ministry (KUSKOP), highlighting a series of key achievements aimed at strengthening the nation’s business landscape. Sim said the ministry’s early […]