KUALA LUMPUR – The government will create a database that contains all the information about micro, small, and medium enterprises under 66 agencies and institutions in the country.
Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi said the decision made at the 2023 National Entrepreneur Development and MSME Council meeting today aims to ensure proper data sharing and information coordination.
“It is to ensure that any form of training, monitoring, loans, and grant funds can be coordinated so that there is no overlap,” he said after chairing the meeting at the Parliament building today.
He said the meeting also decided that entrepreneurs in Sabah and Sarawak should be given priority by developing their talent and potential, as well as channelling sufficient funds to carry out the entrepreneur creation programme, including simplifying the registration process.
The rural and regional development minister said the coordination of vendor entrepreneurs must be done to ensure that the country’s achievement in the MSME sector is higher than the current rate of 37%.
In addition, he said an e-commerce network was needed to create a new market for products and services produced by MSMEs.
The council was formed as a main platform for discussing programmes and initiatives for the development of entrepreneurs and MSMEs in line with the aspirations of the National Entrepreneurship Policy 2030.
The meeting was the first one held after the formation of the unity government. – Bernama, March 30, 2023
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