KUCHING: The operations of the Entrepreneur Development and Cooperatives Ministry (Medac) will not be dampened by the imposition of the movement control order and the emergency declaration.
Its Minister Datuk Seri Wan Junaidi Tuanku Jaafar said the recent turn of events would not derail plans and programmes to assist entrepreneurs in this trying time.
“While we do not foresee the situation concerning the pandemic to worsen, we at Medac, however, have embraced the new norm of doing things in today’s post Covid-19 era which is digitalisation.
“That is why are able to carry out our programmes despite the current situation,” he said today.
Wan Junaidi assured that training and entrepreneurial development programmes would be carried out virtually by agencies such as National Entrepreneurship Institute (Insken), SME Bank as well as Cooperative Institute of Malaysia (IKM).
“Financing programmes by agencies such as SME Bank, Bank Rakyat and Tekun will continue as usual.
“The ministry will also ensure that the financing application process under SME Bank, Bank Rakyat, Tekun and Suruhanjaya Koperasi Malaysia (SKM) will not only follow the normal procedures but its processes will be simplified,” he said.
The Santubong MP said the decision to impose an MCO and state of emergency was necessary to drastically and effectively contain the spread of the pandemic.
“Regardless, the execution of the second phase of Medac’s Entrepreneur and Cooperative Recovery Plan, with an approved budget of RM17.1 million will continue,” he assured.
Among the programmes under the recovery plan are E-Commerce Onboarding Coaching Programme (E-Board); i4.0 Accelerator Programme, Technopreneurship for Young Graduates (TpYG) and Adoption of Digital Solution (ADS).
“Other programmes include Recovery Initiatives for Social Enterprise (Rise), Penjana Komuniti as well as other capacity building programmes, mainly to assist in digital and technology adaptation,” he said.