A total of 28,439 Indian entrepreneurs have benefitted from the Indian Community Entrepreneur Development Scheme (SPUMI) under Tekun Nasional since its launch in 2008, involving an allocation of RM442.6 million, the Dewan Rakyat was told on Tuesday.
Deputy Entrepreneur Development and Cooperatives Minister Datuk R. Ramanan said in reply to Datuk Muslimin Yahaya (PN-Sungai Besar) that the ministry consistently collaborates with the Malaysian Indian Transformation Unit (MITRA), the Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI), as well as non-governmental organisations (NGOs) to enhance awareness of the financing scheme.
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Deputy Entrepreneur Development and Cooperatives Minister Datuk R. Ramanan said in reply to Datuk Muslimin Yahaya (PN-Sungai Besar) that the ministry consistently collaborates with the Malaysian Indian Transformation Unit (MITRA), the Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI), as well as non-governmental organisations (NGOs) to enhance awareness of the financing scheme.
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NewsTranscript
00:00 [President of the Government of India, Ali M. Mohamad] "For your information, Mr. President, since it was launched in 2008 until January 2024, the scheme for the financing of the Indian businessmen globally under the National Fund has helped as many as 28,439 Indian businessmen, including a total of Rp. 442,600,000."
00:29 [President of the Government of India, Ali M. Mohamad] "For your information, Mr. President, the government has taken a heavy responsibility in developing the businessmen in the Indian community.
00:39 Since then, for 2024, Rp. 30 million has been provided under this global scheme, which is expected to benefit as many as 1,600 Indian businessmen.
00:56 However, we must also take note that for 2023, although Rp. 30 million has been allocated, the government has provided additional Rp. 11.6 million, making it Rp. 41.6 million."
01:18 [President of the Government of India, Ali M. Mohamad] "Globally, the Indian businessmen have worked together with the transformation unit of the Indian community, MITRA,
01:29 the Malaysian Associated Indian Chambers of Commerce and Industry, MAICI, as well as the Non-Government Organization and Organization to increase the importance of the global scheme.
01:44 We have also provided counter-advice during the exhibition program or business program held by CUSCOP and agencies such as Showcase 1,
01:56 Industry 1 Area, SDSI, and the Micro, Small and Medium Enterprises Week, PMKS, including the carnival of the Selangor Mining Company, which was held on 1-3 March 2024,
02:13 to provide a direct explanation of the global scheme and also promote the global scheme through the official social media of TN.
02:26 That's all. Thank you."
02:28 [President of the Government of India, Ali M. Mohamad] "Thank you, Mr. President. Thank you, Minister for your answer.
02:34 We know that the informal and micro businesses of the community are always under attention.
02:40 It is given the opportunity, especially after the COVID-19 pandemic era, under the government of the PM,
02:46 and at that time, it was approved by 152.2% with an excess of Rp. 10.44 million at that time and has been approved.
02:54 But that is the initiative that we give them to move forward in the field of business.
02:59 So, what is currently, we know that there is an initiative from the Minister himself,
03:03 which proposes a global budget of Rp. 30 million, which is added along with the challenge of time.
03:10 The question is simple, Minister, is there a proposal to add a business budget for the people of India has been approved,
03:17 and if not approved, what other plans to help them? Thank you, Mr. President."
03:21 [M. Seng] "Thank you, Mr. Mohamad.
03:26 We have requested for additional funding for the global economy.
03:41 But for now, as I said earlier, Mr. Mohamad, in 2023, although the assistance of only Rp. 30 million was approved,
03:54 instead, by using internal assistance, it has given an additional approval of Rp. 11.6 million.
04:02 So, it has increased to Rp. 41.6 million.
04:08 So, for this year, we have requested for additional assistance.
04:14 If not needed, we will try to use internal assistance as it has been used in 2023. Thank you."
04:23 [End of Audio]