KUCHING: As many as 62 companies in Sarawak have been identified as high performing bumiputra companies (Teras) by the government’s Bumiputra Agenda Steering Unit (Teraju).
Under the Teras programme, a fund has been launched by Teraju exclusively to facilitate these companies in establishing themselves. Teras companies can apply for funding for projects more than RM2.5mil with four banks collaborating with Teraju – Small Medium Enterprise Development Bank, RHB Islamic, Maybank Islamic and Malaysia Industrial Development Finance.
Currently, 26 companies in Sarawak have received approval from the Teras fund with a total amount of RM83.4mil.
Since 2014, RM104.2mil have been approved for 41 projects nationwide by Teraju under the fund. Through the project, a total of 1,650 job opportunities have also been created.
On a similar issue, Teraju has provided RM15mil to the government to provide training programme and legal premises for micro business (cottage industry).
“There are still many entrepreneurs under the cottage industry operating at home. As long as they operate at home, they’ll face difficulties in getting halal certificate. In order to assist them in getting the certificate, we have to help them get proper premises,” said Assistant Minister in the Chief Minister’s Office Datuk Naroden Majais during a press conference.
The allocation’s objectives are for capacity development and increase business premises for the cottage industries. Naroden believes the industry can help Sarawak’s development through having a legal and suitable premise.
Meanwhile, the “Garis Mula Insken500” was launched yesterday at the old Dewan Undangan Negeri by Naroden. It is a pre-launch to the “Intensive Business Training and Coaching” programme which will be implemented in the state.
National Entrepreneurship Institute (Insken) aims to lift 500 companies to the next level with the M-Core indicator for micro industry and Sarawak Corridor for Renewable Energy for Small and Medium enterprises in two years.
Sarawak is the second state for Insken to implement the programme before moving on to Terengganu, Sabah, Johor and Kuala Lumpur.
Prime minister Datuk Seri Najib Tun Razak officiated the launch of this new programme by Insken at the Borneo Convention Centre Kuching last Friday.