KUSKOP Allocates RM6 Mln Additional Funds To Support Indian MSMEs
The Entrepreneur Development and Cooperatives Ministry (Kuskop), through SME Corporation Malaysia (SME Corp), has allocated an additional RM6 million to support small businesses owned by Indian entrepreneurs. Deputy Minister Datuk Seri R. Ramanan said the funds would be channelled through an existing programme now rebranded as the Business Accelerator Programme for Indian Small Business (I-BAP). He said the I-BAP offers financial aid in the form of matching grants of up to RM100,000 to enhance the capabilities, performance and productivity of micro, small and medium enterprises (MSMEs). ‘The scope of assistance includes the procurement of machinery and equipment, product certification, the