Government reveals RM6.35b investment to fuel growth for 260,000 entrepreneurs through entrepreneur development ministry

📆 10/29/2024 11:14 AM
📰 malaymail

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Entrepreneurs News

Kuskop,Entrepreneur Development And Cooperatives Ministry,Ramanan Ramakrishnan

KUALA LUMPUR, Oct 29 — The government has channelled a total of RM6.35 billion in financing to 265,097 entrepreneurs through the Ministry of Entrepreneur and Cooperatives...

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Malaysia’s household debt up to RM1.57t from end 2023 to June 2024 mostly due to housing loans; Finance Ministry says debt service ratio still OK Its deputy minister, Datuk Seri R Ramanan, said the ministry, via its agencies, is always committed to providing assistance and support to micro, small, and medium enterprise entrepreneurs in various aspects.

“Additionally, the SDSI showcase programmes in Sabah, Perak, and Johor have recorded sales worth RM1.22 million,” he said during the question-and-answer session in the Dewan Rakyat today. He added that MSMEs have also recorded a 5.0 per cent growth, contributing RM613.1 billion in 2023 compared to RM584 billion in 2022.

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