Posted by The government agreed to offer an e-cash credit of RM100 to all Malaysian adults. However, it is only for adults with an income of RM100,000 per year and below.
The Prime Minister, Datuk Seri Anwar Ibrahim, said the grant initiative follows up on the success and great impact of the e-cash program on the community in this country.
The number of eligible recipients is estimated to exceed 10 million people. Which also includes the B40 and M40 groups with funds of around RM1 billion.
The successful implementation of the eBeliaRahmah (eBR) Program benefits two million youth. It helps the business sector generate income while building a cashless society.
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In the meantime, the government welcomes Malaysian start-up companies such as PolicyStreet, Dropee, Lapasar, and Funding Societies. They can be agents of change in the micro, small, and medium enterprise sector (PMKS). It can happen through the provision of alternative financing such as ‘equity crowdfunding.’
Approximately 79 percent of PMKS consists of micro businesses. Although most of them are sole proprietors or inherit family businesses, they have the potential to grow bigger and penetrate foreign markets if given the proper encouragement and facilities.
The Madani Budget 2023 contains over 70 initiatives for micro and small businesses focused on access to loans and financing guarantees.
The Ministry of Economy has started the implementation of the People’s Income Initiative (IPR) to strengthen the business supply chain.
Source: Sinar Harian
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