KUSKOP approves RM204.5m for Indian entrepreneurs

R Ramanan 20 per cent have been listed with credit reporting agencies due to repayment failures.

: The Ministry of Entrepreneur and Cooperatives Development through Tekun Nasional, has approved RM204.5 million in financing to 9,412 entrepreneurs under the Indian Community Entrepreneur Development Scheme from 2019 to November 2024.

He said that to address the issue, Tekun Nasional has implemented measures such as collaborating with the Credit Counselling and Debt Management Agency to provide financial education programs and monitoring entrepreneurs closely to ensure repayment compliance. “Finally, offering restructuring options, such as extended payment periods or reduced monthly instalments, for those facing financial difficulties,“ he said during a question-and-answer session in the Dewan Negara today.

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