Lifeline for young entrepreneurs


Annuar (centre) and Putrajaya Corporation president Datuk Muhammad Azmi Mohd Zain (right) presenting a goodie bag and licence to a trader at Dataran Niaga Belia, Precinct 14, in Putrajaya. — SHAARI CHEMAT/The Star

FEDERAL Territories Ministry aims to provide 2,000 trading lots in total under the City Young Entrepreneur programme for those aged between 18 and 35.

The programme is to help people in this age group who have lost their source of income because of the Covid-19 pandemic.

The ministry has already opened 1,122 trading spaces in 169 locations in Kuala Lumpur and Putrajaya so far.

Federal Territories Minister Tan Sri Annuar Musa said the programme that was implemented from July 7 is aimed at creating more job opportunities.

“It is an extra avenue to enable young entrepreneurs to start a business.

“We want to encourage more of them

in this age group, ” he said after handing over licences to traders at Dataran Niaga Belia, a food truck site in Precinct 14, Putrajaya.

Annuar said priority would be given to those from the B40 group in the territories.

Among the trading locations identified in Putrajaya are Kompleks Kejiranan in Precincts 5,14 and 18, Dataran Gemilang in Precinct 4, Laman Duta in Precinct 15 and Kiosk Medan Selera Baharu in Precinct 8.

As of October, the ministry had received 208 applications from traders in Putrajaya alone.

Annuar said 41 licences had been issued to eligible entrepreneurs in Putrajaya under this scheme so far.

As an extra incentive, successful applicants at Dataran Niaga Belia will be exempted from paying the RM150 rental fee for the first six months.

After that, they will need to pay RM150 a month for the rest of the first year and RM300 monthly the following year.

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