The Entrepreneur Development and Cooperatives Ministry has launched various initiatives to support entrepreneurs, benefiting tens of thousands of Indians nationwide, says Datuk Seri R. Ramanan.
The Deputy Minister highlighted programmes such as the Prosperity Empowerment and A New Normal for Indian Women (PENN) under Amanah Ikhtiar Malaysia and the Bank Rakyat’s Indian Entrepreneur Financing-i (Brief-i).
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The Deputy Minister highlighted programmes such as the Prosperity Empowerment and A New Normal for Indian Women (PENN) under Amanah Ikhtiar Malaysia and the Bank Rakyat’s Indian Entrepreneur Financing-i (Brief-i).
Read more at https://shorturl.at/0N7CD
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00Thank you, Madam Vice President.
00:03For your information, my friend from Sipui River,
00:07the Ministry of Development, Entrepreneurship and Cooperation is always committed
00:12to carry out various inclusive business assistance,
00:18including to the Indian community through financing such as
00:22the Indian Community Entrepreneurship Development Scheme Spumi,
00:26Spumi Goes Big, which is implemented by Tekun,
00:30and the Special Fund for Indian Women, PEN, by Amanahitya Malaysia.
00:37Both of these are not included in the budget for 2023,
00:42but are collaborative initiatives between the Ministry of Development, Entrepreneurship and Cooperation
00:47with Tekun and AIM.
00:50For the Spumi Programme, from 2008 to 30 September 2024,
00:56Tekun National has allocated a total of RM482.6 million
01:04to 30,101 Indian community entrepreneurs.
01:09During this period, as many as 764 Indian community entrepreneurs
01:15in the Sipu River area have received Spumi funding of RM11.27 million.
01:23For the PEN Programme, Amanahitya Malaysia has distributed
01:28a total of RM22.7 million to 2,644 Indian entrepreneurs
01:36for the period from January 2024 to 30 September 2024.
01:43During this period, as many as 99 Indian community entrepreneurs
01:48in the Sipu River area have received PEN funding of RM1.1 million.
01:54For your information, if we look at the Spumi Goes Big Programme
02:01that we have just launched, the number of applications we have received
02:05from the Sipu River Parliament is 8 applications.
02:09And all 8 applications have been successfully approved.
02:14That's all. Thank you.
02:16Sipu River.
02:20Thank you, Honourable Minister Kuskok.
02:26I would like to thank you for the efforts and new initiatives
02:33that have been introduced such as PEN and Spumi Goes Big
02:41and also various side programmes.
02:46I would also like to take this opportunity to express my gratitude
02:50to Honourable Sudi for presenting Manis Sandipawali on this table.
03:00I would also like to thank Miti for presenting Manis Sandipawali.
03:04I hope Manis Sandipawali will bring great significance to the Indian community
03:09in the announcements that will be made by the Minister.
03:14My question is, what are the honourable actions that have been taken
03:24by the Ministry in attracting more and more young Indian entrepreneurs
03:31to participate in financing schemes under Kuskok such as Spumi and PEN?
03:37And what is the current status of Spumi Goes Big under Tekun?
03:47Thank you, Honourable Minister.
03:50We are implementing a lot of initiatives.
03:53For example, there are booth exhibitions involving AIM and Tekun.
04:02We have a counter-promotion in all the programmes where AIM and Tekun
04:08are running the programme.
04:10We are also promoting our social media and online presence
04:15for PEN and Spumi programmes.
04:18In addition to that, every programme in the areas where we have activities
04:24related to Tekun or AIM, we distribute flyers and so on.
04:30If we look at it, we also have a series of joint speeches.
04:35For example, what has happened with NGOs,
04:39also with agencies as partners,
04:43with the MYKI, KLCKI, Kuala Lumpur, Selangor, Indian Chamber of Commerce.
04:49And recently, we will be holding a ceremony
04:53where we will make a donation to show the success of the PEN programme in 2028.
05:00Also, for your information, in Yambomat area,
05:06the Sukarnika programme will be held by AIM in Kuala Kangsa
05:12at Dewan Orang Ramai Kampung Ulu Kuang on 24 October 2024,
05:17which is tomorrow.