GEORGE TOWN: Small and medium enterprise (SME) entrepreneurs within the Indian community in Penang are urged to leverage the Indian Community Entrepreneur Development Scheme (SPUMI).
State housing and environment committee chairman Datuk Seri S. Sundarajoo said the initiative, implemented through Tekun Nasional, provides a much-needed avenue for capital assistance to small entrepreneurs.
“Many within our community operate small-scale businesses, some even running simple tea stalls, but are unaware of where to obtain capital assistance.
“As the representative of the Indian community in the state government, it is my responsibility to ensure this information reaches them, so they are aware that a caring government is always ready to support efforts to enhance their business performance,” he told reporters after a briefing on the financing scheme here yesterday, Bernama reported.
He said the briefing session is being conducted in phases to raise awareness on application procedures for loans as well as available government grants.
The scheme has two main categories – the first covering loans between RM1,000 and RM50,000, and the second between RM50,000 and RM100,000.
