RM164m dis­trib­uted to 1,866 en­trepreneurs

New Straits Times - - Business -

SEREM­BAN: SME Corp Malaysia has ap­proved 1,866 grant ap­pli­ca­tions for a to­tal of RM164 mil­lion un­der its Bumiputera En­ter­prise En­hance­ment Pro­gramme (BEEP) as at last month.

Deputy In­ter­na­tional Trade and In­dus­try Min­is­ter Datuk Ah­mad Maslan said un­der the pro­gramme, Malacca re­ceived the most BEEP grants, with RM24 mil­lion dis­trib­uted to 327 en­trepreneurs.

This was fol­lowed by Tereng­ganu (RM25 mil­lion to 196 en­trepreneurs); Pe­nang (RM17 mil­lion to 146 en­trepreneurs); and Ne­gri Sem­bi­lan (RM16 mil­lion to 148 en­trepreneurs).

“Grants to small and medium en­ter­prises (SMEs) in the food and bev­er­age sec­tor were the high­est un­der the pro­gramme,” he said.

He said this after a visit to Ha­j­jah Ami­nah Food In­dus­tries Sdn Bhd, here, to­day.

Ah­mad said BEEP would con­tinue to help Bumiputera en­trepreneurs na­tion­wide.

He said the coun­try had 645,000 SME en­trepreneurs, of which 37 per cent were Bu­mi­put­eras.

“The num­ber is still small. Of the 37 per cent, 88 per cent are in the mi­cro cat­e­gory, with sales of not more than RM300,000 and em­ploy­ing five work­ers.

“Bumiputera en­trepreneurs still need to im­prove,” he said. Ber­nama

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