Kuskop to expedite disbursement of PM’s additional RM1b microcredit pledge, says minister
SERDANG, Aug 31 — The Ministry of Entrepreneur Development and Cooperatives (Kuskop) will expedite the disbursemen...
Kuskop, the Ministry of Entrepreneur Development and Cooperatives, is set to expedite the distribution of an additional RM1 billion in microcredit funds for micro, small and medium enterprises (MSMEs) announced by Prime Minister Datuk Seri Anwar Ibrahim. The total microcredit funding for the year will rise to RM6 billion from RM5 billion.
Steven Sim, the minister responsible for this initiative, stated that Amanah Ikhtiar Malaysia (AIM) and Tekun Nasional will play key roles in speeding up the disbursement. The Prime Minister also raised the e-invoice exemption threshold from RM1 million to RM3 million annually, which will directly assist over one million small businesses.
Sim emphasized that these measures will be particularly beneficial for MSMEs that heavily rely on vehicles for their livelihoods, as they will now enjoy the best "Merdeka gift".
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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