KUALA LUMPUR, – A total of 1,204 micro, small and medium enterprises (PMKS) benefited through the implementation of the Malaysian Industry and Business Support Program (SINAR) as of September 30.
The program under the Ministry of Entrepreneurship and Cooperative Development (KUSKOP) through SME Corp Malaysia was announced last June with an allocation of RM205 million to provide access to financing and additional business support to PMKS in need.
Deputy Minister of Entrepreneur Development and Cooperatives, Datuk Mohamad Alamin said, among his initiatives is the Easy Financing Scheme for SMEs with an allocation of RM30 million.
Through the scheme, funding totaling RM7.12 million has been approved for eight PMKS so far.
“For the second program, the SME Capacity and Capability Improvement Scheme or Business Accelerator Programme, an allocation of RM20 million has been provided and funding approvals amounting to RM8.88 million have been given to 18 PMKS so far.
