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Monday, 19 June 2017 | MYT 5:20 PM

SME Corp disburses RM5.63bil to assist SMEs - Ahmad Maslan

KOTA BARU: SME Corp has disbursed RM5.63bil in grants and loans to 43,094 small and medium entrepreneurs (SMEs) nationwide as of May 31 this year, said Deputy Minister of International Trade and Industry, Datuk Ahmad Maslan.

He said the amount was disbursed via various programmes such as the Bumiputra Enterprise Enhancement Programme, Bumiputra Export Promotion Programme and Bumiputra Youth Entrepreneurial Programme.

“This is part of SME Corp’s ongoing effort to achieve the nation’s target set for entrepreneurs,” Ahmad said.

Ahmad said this to reporters after attending the Kelantan Entrepreneurs Casual Chat Programme in Kota Baru on Monday.

He said there were 645,136 SME entrepreneurs nationwide, adding that efforts were being made to increase the number of bumiputra entrepreneurs as they only owned 37% of SME companies in the country.

“Right now there are 38,064 SMEs in Kelantan, 92% of which are micro-businesses with less than five workers, and less than RM300,000 in sales per annum,” he said, adding that he hoped the micro-businesses in Kelantan would be able to upgrade themselves to achieve the small entrepreneurs status.

Ahmad said the ministry would also help the state’s entrepreneurs affected by issues such as financing, marketing, lack of fresh water supply, increase in operational costs and the monsoon floods.

“I hope SME entrepreneurs would take advantage of the assistance provided through various government agencies,” he said. - Bernama