KUALA LUMPUR, Nov 30 (Bernama) -- A total of 6,047 participants of Sahabat Usahawan Amanah Ikhtiar Malaysia (AIM) were recorded in Melaka with funding amounting to RM40 million up to September 2023.
Deputy Entrepreneur Development and Cooperatives Minister Saraswathy Kandasami said the effort was to assist them in addressing their respective business challenges.
She said the rising cost of living and price of goods had impacted business development, especially micro and informal entrepreneurs, including the Sahabat AIM entrepreneurs.
"Hence, the Ministry of Entrepreneur Development and Cooperatives (KUSKOP) via AIM would always help affected entrepreneurs through measures such as providing financial loan assistance to micro and informal entrepreneurs under its Ikhtiar Financing Scheme," she said in the Dewan Negara today.
Saraswathy was responding to a question from Senator Datuk Mustafa Musa, who wanted to know the latest number of Sahabat AIM participants in Melaka and the extent to which the rising cost of living, goods and services had affected the continued growth and development of business ventures and product sales of the participants.
Additionally, she said the micro and informal entrepreneurs were encouraged to participate in programmes organised by KUSKOP and its agencies, such as the Hawkers and Small Traders Day Programme, the Hawkers and Small Traders Day Mini Carnival Programme and the Cooperative Madani Sales Programme to help affected entrepreneurs.
"The ministry also encourages them to improve their knowledge in business and financial management through collaboration with the National Institute of Entrepreneurship," she said.
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