MUDRA: Allocation Of Over RM220 Million Driven By Positive Response To KUSKOP Financing Scheme - Sim
PUTRAJAYA, April 18 (Bernama) -- Allocation exceeding RM220 million under the Indian Entrepreneur Capital and Economic Stimulus Package (MUDRA) this year marks an increase of RM60 million, driven by strong response to financing schemes by the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), says its Minister Steven Sim.
He said the package was aimed at strengthening the ecosystem of Micro, Small and Medium Enterprises (MSMEs) as well as cooperatives owned by the Indian community in the country.
“The allocation exceeding RM220 million this year represents an increase of RM60 million compared with approximately RM160 million channelled in 2025,” he said in a statement today.
He said MUDRA would be implemented through five agencies under KUSKOP, namely TEKUN Nasional, Bank Rakyat, SME Bank, Amanah Ikhtiar Malaysia (AIM) and the Malaysian Cooperative Commission (SKM).
He said TEKUN Nasional would provide RM120 million through the Indian Community Entrepreneur Development Scheme (SPUMI), followed by SME Bank with RM50 million via the Vanigham Financing Scheme, while Bank Rakyat has allocated RM15 million for the Bank Rakyat Indian Entrepreneur Financing-i (BRIEF-i).
“AIM is providing RM27 million through the Indian Women Entrepreneur Empowerment Programme Fund (PENN), while SKM is allocating RM11 million, comprising RM1 million under Bakti MADANI and RM10 million for the SKM Revolving Capital Fund (TMPSKM),” he said.
He said MUDRA was not merely short-term financial assistance, but a strategic measure to enhance the competitiveness of Indian community MSMEs in ensuring business sustainability amid global energy uncertainties.
He said KUSKOP remained committed to building an inclusive entrepreneurial ecosystem, in line with the aspirations of Malaysia MADANI.
He said as of March 31, the implementation of the initiative had shown very encouraging performance, with RM33.48 million approved, directly benefiting 1,805 Indian community entrepreneurs nationwide.
-- BERNAMA
