Govt considering aid in the form of special grants for MSMEs, informal traders affected by flood


Prime Minister Datuk Seri Ismail Sabri Yaakob

KUALA LUMPUR: Prime Minister Datuk Seri Ismail Sabri Yaakob today announced that the Economic Action Council (EAC) meeting has in principle agreed to consider aid in the form of special grants to ease the burden borne by micro, small and medium enterprise (MSME) and informal entrepreneurs affected by the floods in addition to financial assistance provided by government agencies.

In this regard, the Ministry of Finance (MOF) will hold further discussions with the Ministry of Entrepreneur Development and Cooperatives (MEDAC), relevant ministries and agencies as well as chambers of commerce to refine the proposals that have been tabled for the government's consideration, he said.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

When cheap homes cost more
One property, 10 listings
Rental scams running rampant
China to crack down on 'illegal' cross-border securities
Naturally made for families
Europe stocks lose sparkle
BANK’S PICKLEBALL CHAMPIONSHIP PROMISES WHOLESOME EXPERIENCE
Grad squeeze hurts economy
Tapping China’s niche consumer trend
Bubble fears as valuations stretch

Others Also Read