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Tekun Nasional to introduce financing scheme for TVET grads to start businesses
Tekun Nasional to introduce financing scheme for TVET grads to start businesses

The Sun

time19-05-2025

  • Business
  • The Sun

Tekun Nasional to introduce financing scheme for TVET grads to start businesses

TUARAN: Tekun Nasional, an agency under the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), is set to launch a special micro-financing scheme for graduates of technical and vocational education and training (TVET). Minister of Entrepreneur Development and Cooperatives Datuk Ewon Benedick said the financing scheme would provide opportunities for TVET graduates from various educational institutions to obtain business capital, particularly those wishing to start small-scale ventures based on their skills. He said an initial budget of RM30 million has been allocated for the programme, and the amount can be increased depending on demand and public response. 'This TVET entrepreneur financing scheme will be launched in conjunction with National TVET Day in Melaka this June. Hopefully, this scheme will open wider opportunities for TVET graduates to obtain capital to start businesses should they choose the entrepreneurship route. 'This is among the ministry's efforts to support the national agenda to develop not only graduates but also careers and entrepreneurship within the TVET field,' he said in a statement after officiating the Closing Ceremony of the Career Skills Course in the Oil and Gas Industry here today. Ewon said the scheme would offer financing to TVET graduates nationwide, including from Sabah, such as those from ESTC Academy, vocational colleges, or other training institutions. He said Tekun Nasional remains committed to strengthening the national economy by expanding support to TVET participants. 'As an agency under KUSKOP, TEKUN Nasional understands the vital role of the TVET community in building a skilled workforce and empowering the nation's entrepreneurial sector, while also upholding one of the core pillars of Malaysia MADANI – Wellbeing. 'Therefore, I welcome more TVET participants to seize this opportunity and work together to drive Malaysia towards becoming a high-income nation through skills-based entrepreneurship,' he said. As of this month, a total of 306 TVET participants have benefited from TEKUN Nasional's financing, covering various sectors such as motorcycle and car workshops, electrical wiring, welding and metalworks, mechanical services, and electronics repair workshops.

Tekun to offer financing scheme for TVET grads to start businesses
Tekun to offer financing scheme for TVET grads to start businesses

The Sun

time19-05-2025

  • Business
  • The Sun

Tekun to offer financing scheme for TVET grads to start businesses

TUARAN: Tekun Nasional, an agency under the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), is set to launch a special micro-financing scheme for graduates of technical and vocational education and training (TVET). Minister of Entrepreneur Development and Cooperatives Datuk Ewon Benedick said the financing scheme would provide opportunities for TVET graduates from various educational institutions to obtain business capital, particularly those wishing to start small-scale ventures based on their skills. He said an initial budget of RM30 million has been allocated for the programme, and the amount can be increased depending on demand and public response. 'This TVET entrepreneur financing scheme will be launched in conjunction with National TVET Day in Melaka this June. Hopefully, this scheme will open wider opportunities for TVET graduates to obtain capital to start businesses should they choose the entrepreneurship route. 'This is among the ministry's efforts to support the national agenda to develop not only graduates but also careers and entrepreneurship within the TVET field,' he said in a statement after officiating the Closing Ceremony of the Career Skills Course in the Oil and Gas Industry here today. Ewon said the scheme would offer financing to TVET graduates nationwide, including from Sabah, such as those from ESTC Academy, vocational colleges, or other training institutions. He said Tekun Nasional remains committed to strengthening the national economy by expanding support to TVET participants. 'As an agency under KUSKOP, TEKUN Nasional understands the vital role of the TVET community in building a skilled workforce and empowering the nation's entrepreneurial sector, while also upholding one of the core pillars of Malaysia MADANI – Wellbeing. 'Therefore, I welcome more TVET participants to seize this opportunity and work together to drive Malaysia towards becoming a high-income nation through skills-based entrepreneurship,' he said. As of this month, a total of 306 TVET participants have benefited from TEKUN Nasional's financing, covering various sectors such as motorcycle and car workshops, electrical wiring, welding and metalworks, mechanical services, and electronics repair workshops.

Entrepreneurs encouraged to boost management skills through training
Entrepreneurs encouraged to boost management skills through training

The Sun

time17-05-2025

  • Business
  • The Sun

Entrepreneurs encouraged to boost management skills through training

SHAH ALAM: Local entrepreneurs are encouraged to take part in entrepreneurship training programmes to strengthen their management skills and ensure their businesses remain sustainable and competitive. Deputy Minister of Entrepreneur Development and Cooperatives Datuk Seri R Ramanan said aspiring and existing entrepreneurs can benefit from various programmes offered by agencies under his ministry to improve their operations. He said many business owners understand how to run their businesses, but often face challenges in managing costs related to logistics, electricity, and manpower. 'There's also a need to understand how to prepare proper audited accounts, which can help maximise savings. That's why training like this is so valuable,' he said after launching the TEKUN Nasional Basic Entrepreneurship Seminar here today. Ramanan emphasised the government's continued commitment to building an inclusive and resilient entrepreneurial ecosystem through holistic support. He added that, as of April 30, TEKUN Nasional has approved RM252 million in financing for 11,698 entrepreneurs this year.

Entrepreneurs encouraged to boost management skills via training
Entrepreneurs encouraged to boost management skills via training

The Sun

time17-05-2025

  • Business
  • The Sun

Entrepreneurs encouraged to boost management skills via training

SHAH ALAM: Local entrepreneurs are encouraged to take part in entrepreneurship training programmes to strengthen their management skills and ensure their businesses remain sustainable and competitive. Deputy Minister of Entrepreneur Development and Cooperatives Datuk Seri R Ramanan said aspiring and existing entrepreneurs can benefit from various programmes offered by agencies under his ministry to improve their operations. He said many business owners understand how to run their businesses, but often face challenges in managing costs related to logistics, electricity, and manpower. 'There's also a need to understand how to prepare proper audited accounts, which can help maximise savings. That's why training like this is so valuable,' he said after launching the TEKUN Nasional Basic Entrepreneurship Seminar here today. Ramanan emphasised the government's continued commitment to building an inclusive and resilient entrepreneurial ecosystem through holistic support. He added that, as of April 30, TEKUN Nasional has approved RM252 million in financing for 11,698 entrepreneurs this year.

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