IPOH: In tandem with the rising cost of living, MCA Youth is looking to propose an increase of the maximum amount for each loan in the 1MCA Micro Credit Loan Scheme.
The scheme was introduced in 2012, aimed at helping young entrepreneurs below 40 to help expand their business, including hawker stall and kiosk owners.
MCA Youth chief Chong Sin Woon said the current maximum for each loan was RM20,000.
“Now with the price hikes in the country, this would not amount to much for business expansion.
“I hope that with a higher amount of money given, more youths will be able to apply for the scheme and make it in business,” he said at a press conference after the state MCA Youth annual general meeting here.
He later presented a cheque for RM20,000 along with Perak MCA chief Datuk Dr Mah Hang Soon and Perak MCA Youth chief Ting Tai Fook to fish rearer Chan Hei Mun.
On another matter, Chong noted a rising trend of Malaysian youths venturing into the agricultural sector as it was deemed to be lucrative.
“However, one of the main problems faced is the lack of proper land to cultivate their farming activities.
“This is mostly because of land owners reclaiming the land once their crops have been successfully harvested,” he said.
He also said the party would bring up this issue to concerned state governments to ensure these youths would be given a land of their own.
“At the same time, we will also be meeting with the land owners involved to achieve a win-win solution so that youths will not be discouraged from this sector.
“They are the next generation of farmers and we need them as they are more capable at adopting modern technology and techniques to increase yields and higher quality food products in the future,” said Chong.