Kuskop to expedite disbursement of PM’s additional RM1b microcredit pledge, says minister

Kuskop, the Ministry of Entrepreneur Development and Cooperatives, will expedite the disbursement of an additional RM1 billion in microcredit funds to micro, small, and medium enterprises (MSMEs) following Prime Minister Anwar Ibrahim's announcement. This brings this year's total microcredit funding to RM6 billion, up from RM5 billion.

The increased allocation is aimed at assisting small businesses grappling with rising costs and supporting their expansion. The additional funding will be provided by agencies such as Amanah Ikhtiar Malaysia (AIM) and Tekun Nasional, with the goal of simplifying processes and accommodating micro and small businesses more effectively.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.