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  • Wartawan Nabalu News

Comprehensive governance established to avoid overlap


15 November 2023

By AVV


KUALA LUMPUR: To ensure the smooth development and coordination of entrepreneurial initiatives and to avoid any overlap, a comprehensive governance structure has been established at the federal and state levels in Malaysia.


Datuk Ewon Benedick Minister of Entrepreneur Development and Cooperatives (MEDC) in his closing speech in Parliament said the structure includes the National Entrepreneurship Development Council and SME Development Council (MPUPK), chaired by the Deputy Prime Minister.


This council sets the direction and comprehensive policies for entrepreneurship and SME development across all economic sectors, he said adding that National Entrepreneurship Development Council (MPKN) chaired by the Minister of Entrepreneur Development and Cooperatives, coordinates the direction of entrepreneurship development and the implementation of initiatives between the federal and state governments to ensure a more planned and strategic approach.


“High-Level Task Force for SME Development (HLTF) and National Entrepreneurship Development Technical Committee (JTPKN), chaired by the Chief Secretary to the Government and the Secretary-General of the Ministry of Entrepreneur Development and Cooperatives, respectively, oversee the coordination and implementation of entrepreneurship development programmes.”


As for State Entrepreneurship Development Coordination Committees, these committees coordinate the implementation of entrepreneurship development programmes by federal and state agencies in Sarawak and Sabah, he said adding that the District-level Councils for Entrepreneurship, Cooperatives, Hawkers, and Small Traders (MPUKPPD) ensure targeted handling of implementation and the needs of entrepreneurs, cooperatives, hawkers, and small traders at the district level.


“Meanwhile, the Ministry of Entrepreneur Development and Cooperatives (MEDC) monitors entrepreneurship development programmes implemented by 68 ministries/agencies and seven state governments through the SME Integrated Plan of Action (SMEIPA) platform. This assessment is presented in the MPUPK and MPKN meetings.”


“According to the Economic Census of 2016, there were 186,930 registered women-owned SMEs. The number of women-owned SMEs will be updated based on the findings of the Economic Census of 2023, which will be published in August 2024. MEDC has provided special programs and financing schemes for women entrepreneurs.”


Some of the programmes implemented in 2023 include financing schemes under Amanah Ikhtiar Malaysia (AIM) for 323,542 women entrepreneurs with an allocation of RM1.74 billion, TEKUN-Wanita Financing Scheme for 3,801 women entrepreneurs with an allocation of RM20 million, BRPlus – i BizLady programme by Bank Rakyat, which provided financing of RM8.72 million to 86 women entrepreneurs, and the Successful Women Entrepreneurship Engagement Talent (SWEET) programme by PERNAS, involving 19 women entrepreneurs with an allocation of RM4.8 million.”

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