MEDAC is serious in enhancing the skills of women entrepreneurs

A total of 60,719 women entrepreneurs have participated in programmes organised by the Ministry of Entrepreneur Development and Cooperatives (MEDAC) and its agencies that are mainly focused on capacity building and entrepreneurial skills development programmes.

MEDAC Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said that women-owned businesses should definitely take full advantage of the various assistance, incentives and programmes to remain competitive in today’s challenging business environment.

“We are now living in post COVID-19 era. Entrepreneurs need to continuously equip themselves with new knowledge and skills not only for their businesses survival but also to take advantage of the many new opportunities,” Wan Junaidi said.

Among the agencies under MEDAC include National Entrepreneurship Institute (Insken), SME Corporation Malaysia (SME Corp) and Perbadanan Nasional Bhd (PNS).

Earlier this week, Wan Junaidi mentioned that MEDAC disbursed RM1.85 bil to 176,356 women entrepreneurs through various financial assistance programmes conducted by its agencies between 2014 and 2020.

Additionally, within those six years, TEKUN Nasional has disbursed RM1.62 bil to 161,522 women entrepreneurs, while Bank Rakyat approved RM225.22 mil worth of financing to 14,397 of this target group nationwide.

Meanwhile, the MySMELady Programme (via SME Bank) has disbursed RM219.8 mil worth of financing to 107 women entrepreneurs and UDA Holdings’ UDA Bizznita Fincare Programme, which provides up to RM3,000 financing, aims to disburse RM7.3 mil to 330 women entrepreneurs. – Dec 23, 2020

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