MEDAC to propose ways to encourage alternative micro funding to cabinet

Datuk Seri Wan Junaidi Tuanku Jaafar - Bernama pix

KUALA LUMPUR: The Entrepreneur Development and Cooperatives Ministry (MEDAC) will propose the introduction of incentives such as tax relief for companies to the Cabinet to encourage more alternative micro funding from the private sector.

Its minister, Datuk Seri Wan Junaidi Tuanku Jaafar, said this would help reduce the reliance on conventional way of government funding and grants to finance business needs, given that demand for such financing is growing amid limited government capacity.