KOTA SAMARAHAN: The federal government has put aside nearly RM300 billion for the nation’s economic recovery, said Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar.
He said kickstarting the economy was crucial as the Covid-19 pandemic which swept across the world had affected the nation’s economy.
“The country stands to lose RM2.4 billion a day if it didn’t reopen its economy back in May and we did not want the economic crisis to turn into a financial crisis.
“Economy and the prosperity of the people go hand in hand, and due to this, the federal government has set aside nearly RM300 billion tackle the economic problems and help the people including large, small and micro entrepreneurs,” he said when officiating at a ceremony to present assistance to university students here on Friday.
Wan Junaidi said among the initiatives by the federal government was to dole out financial aid to students through its Early Education Assistance.
“Bank Rakyat through its foundation is also giving assistances to Sarawakians and while the agency does not have huge amount of funds, its goal is to widen the support to the community.
“These are in terms of education, entrepreneurship as well as community wellbeing,” he said.
Wan Junaidi said for 2019 alone, Yayasan Bank Rakyat had organised a total of 1,058 programmes which benefited 233,312 people.
“If more initiatives can be done, I believe that Yayasan Bank Rakyat will be able to play a bigger role in the community.
“These initiatives are part of our effort to improve the socioeconomy of the society through education and human capital development,” he said.