SHAH ALAM, Aug 6 — The Selangor government’s initiative to provide financing schemes with less strict conditions since 2020 has helped over 30,000 entrepreneurs earn more than RM5,000 monthly.
State Housing, Urban Wellbeing and Entrepreneur Development Committee chairman Rodziah Ismail said as of July, Yayasan Hijrah Selangor has approved funding for 72,000 entrepreneurs worth RM645 million.
“Our capital financing system is easy, fast and does not burden hawkers and petty traders, who face difficulty raising initial capital and getting more working capital.
“This involves several types of financing schemes in values ranging between RM1,000 and RM50,000, and may go as high as RM100,000,” she told Bernama.
Rodziah said the programme was introduced so entrepreneurs in the state don’t obtain loans from unlicensed moneylenders.
“With the terms and conditions of Hijrah Selangor financing schemes simplified, we saw many becoming less dependent on others, and can run their own businesses,” she said.
Some entrepreneurs have explored and entered foreign markets such as Indonesia, Thailand and China, the United Arab Emirates, the United Kingdom and Canada.
“The state government has selected several entrepreneurs to participate in exhibitions and expositions abroad to expose them to the international market and find potential business matches,” said the Ampang MP.
Rodziah said the state government will be launching the Selangor Micro, Small and Medium Entrepreneur Development Strategic Action Plan 2023-2027.
“The main objective of this strategic plan is to create a holistic and conducive entrepreneurial ecosystem to support an inclusive, balanced and sustainable socio-economic agenda to increase the number of qualified, viable and resilient entrepreneurs.
“This is also to enhance the capabilities of local entrepreneurs, particularly in the SME sector, so they may continue to progress and remain relevant in an uncertain economic environment,” she said.
— Bernama
