Madani Economy framework will boost MSME sector: Deputy minister

The Madani Economy framework launched by Prime Minister Datuk Seri Anwar Ibrahim will be able to assist the Ministry of Entrepreneur and Cooperatives Development (Kuskop) in boosting the micro, small, and medium enterprise (MSME) sector.

Deputy Entrepreneur and Cooperatives

Development Minister Datuk R Ramanan said this could be seen through the launching of the 2024 Kuskop Strategic Planning Document with the theme Usahawan Madani, Memacu Ekonomi (Madani Entrepreneurs, Driving the Economy) in January.

“This strategic plan will be a catalyst for efforts to make Malaysia as a regional champion of MSMEs and subsequently achieve the target to emerge as one of the world’s top 30 economies as outlined by the Prime Minister under Ekonomi Madani: Memperkasakan Rakyat,” he said when winding up the debate for the ministry on the motion of thanks for the royal address in the Dewan Rakyat yesterday.

Ramanan said more than 600,000 entrepreneurs are expected to benefit from programmes planned in the 2024 Kuskop Strategic Planning Document, which outlines five strategic thrusts, 22 strategies, and 205 programmes.

Meanwhile, he said Kuskop is always attentive to the needs of the hawker and small trader community by providing infrastructure such as premises and conducive business stalls.

Among the initiatives is the Tamu Desa project, aimed at building and upgrading commercial space facilities and entrepreneurial infrastructure in rural areas in Sabah and Sarawak, with UDA Holdings being entrusted as the implementing agency. – Bernama