Business

Covid-19: RM452 million to help stabilise entrepreneurial ecosystem

TheMole
Written by TheMole

KUALA LUMPUR — May 27, 2020: The government is providing RM452.8 million to assist entrepreneurs under a Covid-19 business recovery plan to support the stability of the entrepreneurial ecosystem.

The money is expected to benefit more than 21,847 micro entrepreneurs, small and medium enterprises, social entrepreneurs, start-ups and cooperatives.

The Ministry of Entrepreneur Development and Cooperatives tabled the entrepreneur and cooperative recovery plan to the Cabinet on May 6.

The plan outlines six key strategies to support the stability of the entrepreneurial ecosystem, revitalise entrepreneurs’ business operations in the near term and ensure that entrepreneurs remain competitive and sustainable.

It contains 30 programmes that will be implemented in two phases, from this month to December and from January to May 2021, said minister Datuk Seri Wan Junaidi Tuanku Jaafar

The first phase will have something like 20 programmes while under the second there will be 19 new programmes.

The ministry is also working with the Ministry of Finance to formulate a post Covid-19 recovery and restart plan.

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