KUALA LUMPUR: The Entrepreneur and Cooperatives Development Ministry, through the Cooperative Commission of Malaysia (SKM) has announced a special grant for Indian community cooperatives amounting to up to RM30,000.
Its Deputy Minister Datuk Seri R. Ramanan said the application for the funds is specific to cooperatives attending the 2024 Indian Community Cooperatives Conference (PKKI) 2024 at the Bank Rakyat Twin Towers here on Sunday (Oct 13).
"This fund aims to strengthen the economic activities of cooperatives and information on the application methods and conditions can be obtained from the commission after the conference," he told reporters.
Earlier in his speech, he said, the government is allocating RM300,000 in special grants for Indian community cooperatives.
Meanwhile, commenting on the ministry's initiative to help Indian entrepreneurs, Ramanan said that as of last Sept 30, RM136mil in additional allocations had been disbursed.
"These programs aim to empower Indian entrepreneurs to a higher level and further improve the well-being of the Indian community in the country", he said.
At the event, he presented replica cheques amounting to more than RM7mil from the Revolving Capital Fund (TMP-SKM) to the three best cooperatives, namely Koperasi Serbaguna Kebangsaan Berhad, Koperasi Guru-guru Tamil Negri Sembilan Berhad and Koperasi Nesa Pelbagai Berhad.
TMP-SKM aims to assist cooperatives registered under the Cooperative Act 1993 (Act 502) that are monitored by SKM in funds to implement viable projects. – Bernama
