THE Entrepreneur Development and Cooperatives Ministry (Medac) is confident of creating a conducive entrepreneurial ecosystem in Jelebu, Negri Sembilan, with the construction of cooperative retail stores.
The stores will be developed by UDA Holdings Bhd (UDA), a property developer and asset management company, under the purview of Medac.
UDA has been appointed as the turnkey developer for this project on land owned by the Koperasi Kakitangan Kerajaan Daerah Jelebu Bhd in Kuala Klawang.
The UDA Niaga Project will consist of four lots of two-storey shophouses built on 0.07ha of land owned by the cooperative and is expected to take eight months to complete.
The government will fund this project with a grant for an estimated RM1.7mil gross development cost (GDC). Once completed, it will be handed over to the owners of the land.
According to Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar, UDA Niaga has the potential to be a one-stop centre for entrepreneurs in the vicinity.
It will also act as a centre for agencies under Medac, enabling local residents to easily access information on the ministry’s entrepreneurial programmes and incentives.
Wan Junaidi said the community would benefit greatly from this project as UDA Niaga would be located near schools and government offices, as well as centrally located in Kuala Klawang.
It is also part of efforts by the cooperative to encourage entrepreneurial activities among cooperative members, businessmen and the local community.
The government hopes this initiative will be an example to other cooperatives to encourage the spirit of entrepreneurship in the area.
UDA chairman Datuk Seri Jalaluddin Alias said UDA had previously developed 168 units of shops such as UDA Niaga (formerly known as “Kedai Desa”) at 16 sites across the country using development funds given by the government.
“The government has given UDA the responsibility to develop UDA Niaga in Melaka, Johor, Negri Sembilan, Perak, Pahang, Terengganu and Kelantan.
“The focus of this project is to develop shoplots on land owned by local authorities, with the local community reaping the benefits from these developments.
“The completed UDA Niaga will be handed over to local authorities to manage the business owners and local entrepreneurs, ” added Jalaluddin.
During the ground-breaking ceremony, Wan Junaidi presented mock cheques for RM444,360 from Malaysia Co-operative Societies Commission (SKM) via its financing scheme and development assistance fund to 13 cooperatives.
This initiative by SKM will hopefully help to escalate the cooperatives’ programmes and activities, thus boosting the local economy.
Also present at the event was UDA chief executive officer Mohd Salem Kailany and Medac secretary-general Datuk Suriani Ahmad.
After the event, Wan Junaidi spent some time at the Business Fund Aid to Entrepreneurs in Jelebu Programme.
Funds were channelled to entrepreneurs and the local community through agencies under Medac, such as SME Corporation Malaysia (SME Corp), Tabung Ekonomi Kumpulan Usaha Niaga (Tekun Nasional) and Bank Rakyat.
Six recipients of the SME Corporation Business Entrepreneur Aid received a total of RM302,405.
Tekun also contributed funds totalling RM374,000 to 20 entrepreneurs from Jelebu.
Bank Rakyat donated RM140,000 to the local community.
The donations were to the Flood Relief Fund, in particular 50 people affected by the flood; the Covid-19 Outbreak Fund specifically for Covid-19 patients and the community affected by the movement control order (250 recipients); as well as the Back-to-School Aid for B40 students (350 recipients).
All donations were handed to representatives of the recipients.
The collective amount of contribution from SKM, SME Corp, Tekun and Bank Rakyat was more than RM1mil.