Ministry of Entrepreneur and Cooperative Development (MEDAC) have set the KPI in helping affected entrepreneurs due to the pandemic.
MEDAC minister, Tan Sri Noh Omar said that he has planned to help more than 190,000 entrepreneurs within 100 days of him in the office. He said that MEDAC have decided on four target groups which are the small and medium-sized entrepreneurs, those who have been retrenched or laid-off, unemployed students who want to start a business and affected cooperatives.
He said that agencies under MEDAC will help to provide loan facilities and not to depend much on the Central Credit Reference Information System (CCRIS) and CTOS Data Systems Sdn Bhd (CTOS) for the eligibility for the entrepreneurs to apply for loans. The amount of loan that can be given depends on the mentioned targeted groups.
Bank Rakyat supports government’s plan on driving towards economy digitalisation, on a par with the Malaysia Digital Economy Blueprint (MyDIGITAL). The bank provides programmes and assistance through RAKYATpreneur, UNIpreneur, BR Cares Campaign, and Biz-Lady.