Ministry of Entrepreneur Development and Cooperatives (KUSKOP) approved RM70 Million in financing for almost 2,000 Indian entrepreneurs nationwide under 2026 Indian Entrepreneur Capital Package and Economic Stimulus (MUDRA) initiative.
Minister Steven Sim said the funding is part of the RM220 Million allocation which was announced recently to strengthen and uplift Indian entrepreneurs across Malaysia.
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“This is the biggest fund ever set aside for the Indian community in KUSKOP’s history. Out of RM220 Million allocated, RM70 Million has been approved for nearly 2,000 Indian entrepreneurs nationwide,” he said.
He also added that the initiative is part of Power Up 10,000 programme which is aimed at helping Malaysian businesses grow and become more competitive.
Supporting MSMEs and Indian Entrepreneurs
Minister Steven Sim spoke after he attended a sales carnival and engagement session organised together with the Malaysian Indian Chamber of Commerce and Industry (MAICCI), said the MADANI government is committed to empower micro, small and medium enterprises (MSMEs), especially in the Indian community.
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The Mother’s Day themed programme brought 30 local entrepreneurs together and 10 booths from KUSKOP agencies, to offer networking opportunities, business guidance, finance information and advisory services.
Minister Sim also welcomed Indian Entrepreneur Carnivals organized by MAICCI nationwide and said KUSKOP would continue to support roadshow by mobilising it’s agencies to participate.
“I have personally informed MAICCI president Datuk Seri N. Gobalakrishnan that, if circumstances allow, I would also like to join the state-level roadshows to engage with Indian entrepreneurs across the country,” he said.
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In the event, Minister Sim also spoke about his plans to redevelop the Bukit Mertajam Indian Association building which was built in 1952.
He said the historic building will transformed into a symbol of the Indian community in Bukit Mertajam. He also thanked Sri Muniswarar Temple in Perai for contributing towards the purchase of the long-abandoned property.
Sources: Bernama
