SME Corp disburses RM5.63bil to assist SMEs - Ahmad Maslan


Deputy Finance Minister Datuk Ahmad Maslan on press conference at the Dewan Negara in Parliament building. FAIHAN GHANI/The Star.

KOTA BARU: SME Corp has disbursed RM5.63bil in grants and loans to 43,094 small and medium entrepreneurs (SMEs) nationwide as of May 31 this year, said Deputy Minister of International Trade and Industry, Datuk Ahmad Maslan.

He said the amount was disbursed via various programmes such as the Bumiputra Enterprise Enhancement Programme, Bumiputra Export Promotion Programme and Bumiputra Youth Entrepreneurial Programme.

“This is part of SME Corp’s ongoing effort to achieve the nation’s target set for entrepreneurs,” Ahmad said.

Ahmad said this to reporters after attending the Kelantan Entrepreneurs Casual Chat Programme in Kota Baru on Monday.

He said there were 645,136 SME entrepreneurs nationwide, adding that efforts were being made to increase the number of bumiputra entrepreneurs as they only owned 37% of SME companies in the country.

“Right now there are 38,064 SMEs in Kelantan, 92% of which are micro-businesses with less than five workers, and less than RM300,000 in sales per annum,” he said, adding that he hoped the micro-businesses in Kelantan would be able to upgrade themselves to achieve the small entrepreneurs status.

Ahmad said the ministry would also help the state’s entrepreneurs affected by issues such as financing, marketing, lack of fresh water supply, increase in operational costs and the monsoon floods.

“I hope SME entrepreneurs would take advantage of the assistance provided through various government agencies,” he said. - Bernama

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Next In Business News

E&O expects sales momentum to continue
Matrix Concepts registers new sales of RM341.7mil in 2Q
KLCI gets big lift from IHH, PetDag
Companies that might be affected by Trump's promised tariffs
PETRONAS Dagangan share price surges on strong 3Q net profit
Ringgit opens lower against US$ as DXY rebounds
FBM KLCI continues to see upside momentum
Trading ideas: IJM, RHB, MR DIY, Haily, Infomina, Radium, Key Asic, TMK, TopVision, KPJ, PetDag, KLCCP, SP Setia, IOI Prop, MPI
Oil falls more than US$2 a barrel on possible Middle East peace deal
Wall St closes higher; small-caps hit record high after Trump nominates Bessent

Others Also Read