Sunday, June 26, 2022

Affected businesses will get help

Secara Rawak

KUCHING: The Entrepreneur Development and Cooperatives Ministry is facilitating affected business, entrepreneurs and small medium enterprises (SMEs).

Its Minister Datuk Seri Wan Junaidi Tuanku Jaafar said this in response to allegations of overly restrictive conditions imposed on SMEs affected by the movement control order to apply for the Special Assistance Facility.

“As the minister in charge of the development and wellbeing of our local entrepreneurs, I would like to point out that Tekun Nasional has facilitated the application of the Covid Business Recovery Financing Scheme (CBRM).

“The government has allocated RM200 million for the scheme and as of April 17, 2020, Tekun Nasional has received 7,681 applications,” he said in a statement.

Wan Junaidi said application for the scheme can be made online and only required minimal documents to be included.

Among them are signed declaration form and latest bank statement, a MyKad copy of applicant and spouse, their business license and a copy of their utility bill.

He pointed out some of the delays in approval of the scheme stemmed from incomplete information and documents in the application and duplicated applications.

“The movement control order (MCO) also restricts the mobility for Tekun Nasional staffs to come to the branch offices, as applicants must sign the agreement after their application has been approved,” he said.

Wan Junaidi nonetheless welcomed comments and suggestions from all parties to improve the mechanism of the application.

“I hope that the CBRM will help ease the burden of our micro entrepreneurs and further boost the nation’s economy,” he said.

Entrepreneurs can apply by filling up the form via For more information, applicants can visit Tekun Nasional website at or call 03-9059 8888.

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