YAN – Entrepreneur Development and Cooperatives (Medac) Minister Tan Sri Noh Omar has set a key performance indicator (KPI) target to help 192,541 entrepreneurs who were affected by Covid-19 within 100 days of him in office.
He said they will be provided the necessary assistance, including in obtaining loans from various agencies under the ministry.
“We will try to help all of them, including those who are not registered and without any company, who may need loans of around RM5,000; micro-entrepreneurs who may need loans of RM10,000 or RM20,000; and small and medium entrepreneurs who may require loans of up to RM500,000.
“This is in line with what the prime minister wants, for all ministers to have KPIs that need to be achieved within 100 days. My KPI is to help more than 192,000 entrepreneurs,” he told a press conference after handing over contributions to entrepreneurs affected by the floods caused by a water surge in Yan recently here today.
He said the affected agencies under Medac had been told not to rely too much on the records of the Central Credit Reference Information System and CTOS Data Systems Sdn Bhd in determining the eligibility of entrepreneurs applying for the loans.
Meanwhile, Noh said all the 11 agencies under Medac that provide loan facilities were being restructured to optimise their roles in helping the target group.
“All these agencies offer loan facilities and have their own loan limits...this is what we are looking into so that the distribution of these loans can be coordinated so as not to confuse the people and truly create an ‘entrepreneurial nation’,” he added.
Earlier, Noh handed over RM168,000 contributed by Bank Rakyat to 168 entrepreneurs in the Yan district who were affected by floods.
The bank also contributed RM40,000 to 200 families who were affected by the floods which hit the Yan district last August 18. – Bernama, September 26, 2021
