Published: 30 June 2021
This ‘First Close, Last to Open’ (FCLO) recovery programme stands to benefit up to 10,000 entrepreneurs with finance and business support, according to Minister Wan Junaidi.
With the PEMULIH package recently announced, Malaysia’s Ministry of Entrepreneur Development and Cooperatives (MEDAC) said that it will utilise the RM100mn allocated to help affected micro-SMEs (PMKS) in the non-essential sectors or the ‘First Close, Last to Open’ (FCLO) category.
This FCLO recovery programme, a collaboration between MEDAC and two of its agencies TEKUN Nasional and National Entrepreneurship Institute (INSKEN), will provide up to RM10,000 micro-financing, and benefit around 10,000 FCLO entrepreneurs through comprising structured advisory and consultation, coaching and training, financing and progress monitoring.
PUTRAJAYA (Bernama): A total of RM18.2mil has been set aside for programmes and assistance specifically for women and persons with disabilities (OKU) entrepreneurs through a partnership between the Entrepreneur Development and Cooperatives Ministry (Medac) and Women, Family and Community Development Ministry (KPWKM).
Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar
(pic) said Medac, via its agencies, has agreed to work with KPWKM to assist the target groups mainly in the post-COVID-19 recovery and to expand their operations. The allocation will be used for various programmes including training, financing assistance, coaching and soft loans which aim to produce more competitive, dynamic and resilient entrepreneurs, ” he said Tuesday (April 13).
More than RM18 million allocated to assist women, disabled business operators thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
KUCHING – As a child, she and her siblings would toil under the hot sun tending their parents’ black pepper plants.
Today, Awaeang Kwasin, 44, has made it big as an entrepreneur dealing in black pepper through her company Syarikat Nang Ori. Besides owning and operating two pepper processing factories, she also exports the commodity and has ventured into producing downstream products as well.
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This mother-of-five, whose father used to cultivate black pepper in Kampung Bratan – about 24 kilometres from here – said her interest in business began during her childhood when she used to assist her mother to sell vegetables from house-to-house and also at the Satok weekend market.
Granting SMEs peace of mind thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.