PUTRAJAYA, Sept 20 — SME Corporation Malaysia (SME Corp) has channelled RM100 million via the Micro Madani Strengthening Programme (Micro Madani), to help 20,700 entrepreneurs nationwide from the micro, small and medium enterprise (MSME) sector.
Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick said the programme offers financial assistance through grants, loans and MSME-status vouchers.
At a press conference after launching the Micro Madani programme earlier today, he said online applications can be made via http://smecorp.gov.my/MIKROMADANI.
To qualify, applying MSMEs must have less than five employees and an annual income not exceeding RM300,000.
“MSME entrepreneurs will be able to get loan financing to meet working capital requirements, and purchase machinery and equipment up to a maximum of RM200,000 at an interest rate as low as two per cent annually, in collaboration with Pembangunan Industri Kewangan Malaysia Bhd (MIDF).
“For MSME-status vouchers, entrepreneurs are eligible to receive financial assistance worth RM100 in the form of a registration process fee,” Ewon said.
To meet the objectives of the Madani Micro programme, SME Corp will monitor the activities of all recipients to ensure the funding is used for its intended purpose.
Meanwhile, SME Corp chief executive officer Rizal Nainy said promotional tours will be organised nationwide starting on September 22 in Kuantan, Pahang and conclude in Kota Kinabalu, Sabah, on October 17.
Optimistic that the programme will receive an encouraging response, he said SME Corp will continue to support MSME entrepreneurs to lift the sector’s capabilities to a higher level to boost contributions to the national economy.
The MSME sector recorded an encouraging 11.6 per cent growth in 2022, against 1.3 per cent in 2021.
— Bernama
