43,206 entrepreneurs benefited from Tekun loan

Covid-19 negative Datuk Seri Mohd Redzuan Md. Yusof. PIX: HAZROL ZAINAL / MalaysiaGazette / 18 FEBRUARY 2020. TEKUN Nasional financing loan
Datuk Seri Mohd Redzuan Md. Yusof. PIX: HAZROL ZAINAL / MalaysiaGazette / 18 FEBRUARY 2020.

By Kasthuri Jeevendran

KUALA LUMPUR – A total of RM451.36 million was allocated for entrepreneurs from various sectors through the Tekun Nasional financing throughout the Covid-19 pandemic between March until October.

According to the Minister at Prime Minister’s Department, Datuk Seri Mohd Redzuan Md Yusof, from that amount, approximately, 43,206 entrepreneurs have benefited from the initiative.

“The ministry is aware that the Covid-19 has affected the micro and informal businesses, especially small business owners and hawkers.

“The ministry has issued various assistances to the hawkers and small business owners through agencies under MEDAC such as Tekun Malaysia, SME Corp, SME Bank and Bank Rakyat.

“TEKUN Nasional has also received RM300million from the government through the SME Prihatin Package and Penjana to be channelled to the affected entrepreneurs.

“For the pandemic period between March until now, 43,206 entrepreneurs have benefited from the financing,” he said, answering the question from the Jerai Member of Parliament (PAS), Sabri Azit who asked about the efforts by the Ministry of Entrepreneur Development and Cooperatives in assisting small business owners throughout Covid-19 during the Dewan Rakyat sitting.

According to Mohd Redzuan, another agency under MEDAC, SME Corp also provided special financing and development aid for the Bumiputra entrepreneurs.

“Among the intitiatives are Program Tunas Usahawan Belia Bumiputra (TUBE) under the Penjana Economic Recovery Plan (Penjana).

“The aids given were in the form of training with grant to start business up to RM15,000 and business monitoring for a period of 12 months.

“For this year up until September, 765 participants have took part in this programme,” he said. –MalaysiaGazette

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