BUSINESS

BEEP ENTREPRENEURS FROM MELAKA RECEIVE RM23.85 MLN IN GRANTS

08/11/2018 06:56 PM

MELAKA, Nov 8 (Bernama) -- A total of 347 entrepreneurs in Melaka received RM23.85 million in grants from the Bumiputera Enterprise Enhancement Programme (BEEP) from 2013 until October this year.

Melaka SME Corp Director Nor Hidayaty Mohd Nor said 90 per cent of the 383 applications received were from small and medium enterprise (SME) entrepreneurs during the period.

"We found that youths, especially graduates, nowadays are more keen to start their own business rather than securing jobs.

“BEEP recipients recorded sales increase of between 14 per cent and 64 per cent based on a one-year monitoring," she told reporters after the BEEP Grant presentation ceremony for entrepreneurs from Melaka here today.

At the event,  Melaka Agriculture, Entrepreneur Development and Agro-based Industry Development Committee Chairman Norhizam Hassan Baktee handed over RM1.2 million in grants to 10 Bumiputera SME companies.

BEEP was set up to develop the Bumiputera SME sector’s capacity and capacity through an integrated financing system to help create dynamic and competitive entrepreneurs.

Nor Hidayaty said Melaka recorded the highest BEEP approval rate compared to other states during the period, with 28 SME companies receiving RM2.72 million in grants from January until October and most of the them succeeded in expanding their business.

She said BEE offered nine categories of grants, among others, enhancement of packaging and labelling; certification and quality management system; machinery and equipment; advertising, promotion and marketing; renovation of premises; and branding.

The applications are scrutinised by SME Corp together with other agencies, including Majlis Amanah Rakyat and the Melaka State Economic Planning Unit to ensure that all applications are evaluated fairly in all aspects, she added.

-- BERNAMA


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