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Malaysia's MEDAC to help affected micro-SMEs with the RM100mn from PEMULIH package


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. ....

Junaidi Tuanku Jaafar , Malaysia Ministry Of Entrepreneur Development , National Entrepreneurship Institute , First Close , Minister Wan , Entrepreneur Development , Minister Dato Sri , Haji Wan Junaidi Tuanku Jaafar , Wan Junaidi , Minister Wan Junaidi , மலேசியா அமைச்சகம் ஆஃப் தொழில்முனைவோர் வளர்ச்சி , தேசிய தொழில் முனைவோர் நிறுவனம் , முதல் நெருக்கமான , தொழில்முனைவோர் வளர்ச்சி , வ்யாந் ஜுனைதி , அமைச்சர் வ்யாந் ஜுனைதி ,