I-BAP grants worth RM2.96mil provided to 48 Indian-owned enterprises


KUALA LUMPUR: The Entrepreneur and Cooperatives Development Ministry, through SME Corporation Malaysia (SME Corp), has channelled grants totalling RM2.96mil to 48 small Indian-owned enterprises under the Business Accelerator Programme for Indian Small Business (I-BAP) to date.

"Previously, we set a sales turnover requirement of RM300,000 annually to apply. However, due to high demand, we have amended this requirement so that all small entrepreneurs can apply, whether their annual sales are RM300,000, RM200,000, or RM100,000," said Deputy Minister Datuk Seri R. Ramanan after a meet-and-greet and I-BAP letter of offer presentation here on Wednesday (March 19).

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