Nine Kuskop initiatives reflect Govt's commitment to empower Indian community
Deputy Minister Datuk Seri R. Ramanan (pic) said the initiatives, which cover financing, capacity building, training, cooperative empowerment and community engagement, reflect the Government's commitment to inclusive and equitable economic development.
"For this year up to June, over RM356mil has been allocated through various financing and entrepreneurship development programmes, benefiting nearly 9,000 Indian entrepreneurs nationwide," he said in a Facebook post on Saturday (July 19).
Among the initiatives introduced are the Indian Community Entrepreneur Development Scheme (SPUMI), SPUMI Goes Big, the Prosperity Empowerment and A New Normal for Indian Women (PENN) programme, and Bank Rakyat Indian Entrepreneur Financing-i (Brief-i).
Other initiatives include Vanigham Financing for Indian Entrepreneurs, Vanakam MADANI, the Business Accelerator Programme for Indian Small Business (i-BAP), the Empowering Indian Entrepreneur (EIP 2024) programme, the Indian Community Cooperative Conference (PKKI 2024), and financial assistance for Indian houses of worship.
Ramanan said the implementation of these initiatives demonstrates the government's responsiveness to the needs and aspirations of the people, particularly the Indian community.
"These are not just figures on paper, but a testament to the government's boldness and commitment to ensuring the Indian community becomes part of the national development mainstream.
"We want to see more Indian entrepreneurs succeed, become job creators and contribute to the country's economic growth. Empowering the community is not rhetoric, it is ongoing work with measurable outcomes," he said.
He added that Kuskop is currently evaluating several new initiatives, which are expected to be launched soon.
"I remain committed and focused on uplifting the Indian community through economic empowerment programmes. I will ensure all initiatives prioritise efficient service delivery.
"I will continue to closely monitor and strengthen this empowerment agenda to ensure no community is left behind in the journey towards a MADANI Malaysia," he said. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
14 minutes ago
- The Star
India extends free etourist visa for Malaysians till Dec 31 next year
KUALA LUMPUR: (Bernama) Malaysians will continue to enjoy a 30-day double-entry e-Tourist visa at no cost, as New Delhi has extended the facility until Dec 31, 2026, the Indian High Commission in Kuala Lumpur announced. The 30-day e-Tourist visa can be applied online at the official e-visa link at All other categories of e-visas, including e-Business, e-Conference, e-Medical, e-Ayush, e-Emergency X Miscellaneous, will require payment of visa fees as prescribed, a statement from the Indian High Commission said. Existing rules regarding e-Tourist visas and other e-visas mentioned at will continue to apply. "Those who wish to obtain regular paper visas from the Indian Consular Application Centres in six cities across Malaysia outsourced to M/s IVS Global Services (website: or from the High Commission of India in Kuala Lumpur, will continue to pay the prescribed visa fees,' the statement read. In June last year, India announced that Malaysians would be granted a 30-day double-entry e-Tourist visa on a gratis (no fee) basis for one year, from July 1, 2024 to June 30, 2025. - Bernama
Free Malaysia Today
3 hours ago
- Free Malaysia Today
Indian refiner Nayara trims crude runs in wake of EU sanctions
Since the EU curbs on Nayara Energy, traders have grown cautious in dealing with its fuel. (AFP pic) NEW DELHI : Russia-backed Indian refiner Nayara Energy has reduced operations at its 400,000-barrel-per-day (bpd) refinery in the aftermath of new EU sanctions that targeted the firm, five sources familiar with the matter said. Privately-held Nayara, which runs India's third-biggest refinery at the port of Vadinar in the western state of Gujarat, controls nearly 8% of the country's total refining capacity of about 5.2 million bpd. 'The sanctions package unveiled on July 18 against Russia and its energy sector has made it tougher for Nayara to export its refined products, resulting in storage constraints,' two of the sources said. Since the EU curbs on Nayara, traders have grown cautious in dealing with its fuel, trade and industry sources say. Last week, Reuters reported that at least two tankers skipped planned loadings at Vadinar while a tanker carrying a cargo of Russian crude was diverted away from the refiner. One source said Nayara was operating the refinery at 70% of capacity, while another put the figure at 80%. Nayara ran at more than 100% of its nameplate capacity in each of the three months through June, the most recent government data shows. All the sources sought anonymity because they were not authorised to speak to the media. Nayara did not immediately respond to a request for comment. Nayara typically exports at least four million barrels of refined products each month, including diesel, jet fuel, gasoline and naphtha, through traders. India has become the biggest buyer of seaborne Russian crude in the aftermath of Moscow's Ukraine invasion. Nayara, majority-owned by Russian entities including Rosneft, is a key buyer of Russian oil. Nayara's chief executive resigned after the sanctions and was replaced by Sergey Denisov, who had been its chief development officer, Reuters reported on Friday. Yesterday, Nayara said it filed legal proceedings against US software giant Microsoft following its suspension of services to the refiner. Nayara, based in the commercial capital of Mumbai, operates more than 6,000 fuel stations.
Malay Mail
4 hours ago
- Malay Mail
Dewan Rakyat passes Cross-Border Insolvency Bill to boost investor confidence
KUALA LUMPUR, July 29 — The enactment of the Cross-Border Insolvency Bill 2025 is expected to support Malaysia's long-term goal of attracting foreign direct investments (FDI) as well as strengthening the nation's economic stability. Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said, in her winding-up speech on the bill, said it reflects Malaysia's commitment to progressive international legal standards. The bill is also expected to enhance Malaysia's position as an investor- and trade-friendly country in line with the challenges and demands of globalisation, she said. 'By recognising standard global principles such as the Model Law on Cross-Border Insolvency (MLCBI), Malaysia will gain more confidence from foreign investors in terms of the clarity, transparency, and effectiveness of cross-border insolvency dispute resolution. 'This will help investors know what to expect when facing any financial risk, thereby increasing foreign investor confidence to invest and expand their businesses in Malaysia,' she said. The Dewan Rakyat today passed the Cross-Border Insolvency Bill 2025, which aims to establish an effective mechanism for managing cross-border insolvency cases. The bill was passed by a majority voice vote after being debated by 11 members of Parliament from both the government and opposition. Earlier, when tabling the bill for its second reading, Azalina said cross-border insolvency in the corporate context refers to insolvency proceedings involving companies experiencing financial distress and unable to repay their debts, with creditors and assets located in more than one country. She explained that the bill promotes formal cooperation between courts and insolvency authorities in Malaysia and other countries, which previously depended only on the principle of comity. 'It provides legal certainty to investors and stakeholders by establishing clear procedures regarding the recognition of foreign proceedings, court access, and the granting of relief. 'This bill supports efforts to rescue viable businesses in line with the recent amendments to the Companies Act 2016, thereby safeguarding investments and people's jobs,' she said. — Bernama
