KUALA LUMPUR: At least RM25.27bil in financing has been approved for entrepreneurs and cooperatives over the last two years since 2024, says Datuk Mohamad Alamin.
The Deputy Entrepreneur Development and Cooperatives Minister said the massive sum has been used to support and finance 847,653 entrepreneurs and cooperatives from 2024 until May 31, 2026.
“This financing helped small and medium enterprises (SMEs) and cooperatives increase working capital, expand business capacity, and upgrade premises and equipment,” he said in Dewan Rakyat on Monday (July 6).
Mohamad said the financing, which was provided through various government agencies, showed relatively good results, with most of the overall average non-performing financing (NPF) rate being under 10%.
As of May 2026, these agencies include Tabung Ekonomi Kumpulan Usaha Niaga (Tekun Nasional) (9.69%), Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) (10.49%), and Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) (1.93%).
“Good repayment reflects entrepreneurs’ ability to generate consistent income, manage cash flow effectively, and sustain SME operations.
“This shows the financing has not only met capital needs but also supports resilience and sustainability,” he added.
The Deputy Minister was responding to Rodiyah Sapiee (GPS-Batang Sadong) who wanted to know the effectiveness of the Ministry’s SME financing schemes since 2024.
