More businesses to receive MSME funding


KUALA LUMPUR: Up to half of entrepreneurs receiving government financing and assistance this year are expected to be first-time beneficiaries as Putrajaya steps up efforts to ensure support reaches a wider pool of micro, small and medium enterprises (MSMEs), says Steven Sim (pic).

The Entrepreneur Development and Cooperatives Minister said the ministry was targeting 40% to 50% of recipients under its financing and assistance programmes to cover entrepreneurs who had never previously received government support, as part of efforts to broaden access instead of repeatedly assisting the same group of businesses.

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