Govt considers increasing I-BAP allocation following overwhelming response, says Ramanan

KUALA LUMPUR, 7 Ogos -- Timbalan Menteri Pembangunan Usahawan dan Koperasi Datuk Seri R Ramanan menyampaikan ucapan pada Penyerahan Surat Tawaran Kepada Penerima I-BAP di SME Corp hari ini. --fotoBERNAMA (2025) HAK CIPTA TERPELIHARA

KUALA LUMPUR: The government has decided to consider increasing the allocation for the Business Accelerator Programme for Indian-owned companies (I-BAP) to RM10mil in the upcoming Budget, following an overwhelming response since its launch in October last year, says Datuk Seri R. Ramanan.

The Deputy Entrepreneur Development and Cooperatives Minister said that RM5.13mil from this year's RM6mil allocation had been approved and would be channelled to recipients. Meanwhile, the remaining RM800,000 is being processed for distribution. New applications have reached RM2mil, pushing total applications beyond RM8mil.