Entrepreneur Development Ministry reviewing entrepreneurship initiatives

KUALA LUMPUR: The Ministry of Entrepreneur Development (MED) is reviewing all the policies and initiatives regarding the development of entrepreneurs and SMEs with the intent to make it more holistic, integrated and targeted.
Minister Datuk Seri Mohd Redzuan Yusof said it is the Ministry's mission to widen and coordinate entrepreneurial activities to be more targeted, inclusive, encompassing all segments of society including the B40 and M40 groups.
"MED will focus, among others, on providing proper training and facilitation for entrepreneurs based on industry needs such as business advisory, loans and funding to stimulate the interest of potential and new entrepreneurs to establish their own start-ups. At the same time, assistance will be extended to them to ensure growth and sustainability of their businesses," he said in his special keynote address at the Malaysian Economic Summit 2018 here today.
He said it is the mandate of MED to provide support and facilitation to local entrepreneurs so that they may move forward and withstand the competition and challenges of the global market.