Medac unveils RM372.85m post Covid-19 entrepreneur recovery plan
The Entrepreneur Development and Cooperatives Ministry has allocated RM372.845 million for the Post Covid-19 Entrepreneur Recovery Plan. ― Reuters pic
Its minister Datuk Seri Wan Junaidi Tuanku Jaafar said the plan would be implemented in two phases — May-December 2020 and January-May 2021 . “Each entrepreneur must move towards digitalising their business, seize training opportunities and offers announced by the relevant agencies, particularly under Medac, and seek new revenue sources for business continuity,” he said in a statement today.
These strategies include raising the people’s confidence , strengthening capabilities and capacities , boosting financing access and assistance , and increasing usage of technology .In an effort to assist entrepreneurs at this time, Medac agencies have also implemented or are implementing various measures during the MCO period, including RM786.
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