ALOR SETAR, – A total of RM37.9 million is allocated through 21 Cooperative Business Development Programs in 2026 to help cooperatives across the country expand their businesses.
The Deputy Minister of Entrepreneurship and Cooperative Development, Datuk Mohamad Alamin said the government has also provided more than RM20 million through the MADANI Budget 2026 for development grants and financing through the Malaysian Cooperative Commission (SKM).
“This initiative supports cooperatives involved in food security activities, increasing agricultural yields and encouraging the use of technology in production,” he said.
He said this while officiating the Kedah State Cooperative Movement Appreciation Ceremony 2026 (MAGK’26) here.
In the meantime, the Malaysian Cooperative Commission’s Revolving Capital Fund (TMPSKM) provides funds of RM176 million through eight financing products to support the development of cooperative businesses.
