BRIEF-i Approves RM33.17 Mln In Financing Within Four Months - Ramanan

KUALA LUMPUR, Oct 21 (Bernama) -- A total of RM33.17 million in financing has been approved by Bank Rakyat through the Bank Rakyat Indian Entrepreneur Financing-i (BRIEF-i) programme in four months since June, said Deputy Minister of Entrepreneur Development and Cooperatives Datuk Seri R. Ramanan.

He said the financing programme, which allocates a total fund of RM50 million, has benefited 384 entrepreneurs from various sectors including transportation, services, retail, as well as food and beverage as of Oct 14.

"In our efforts to develop an inclusive and dynamic entrepreneurial ecosystem, we must pay attention to every segment of society.

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“I am confident that with the continuation of financing programmes like BRIEF-i, the government can ensure that more Indian entrepreneurs are able to access the necessary funds to grow their businesses,” he said during his speech at the BRIEF-i cheque presentation ceremony here today.

He said progress in the entrepreneurial sector is one of the key investments in the country's economic development, as entrepreneurs not only create job opportunities but also drive innovation in various fields and industries.

Ramanan said that to achieve this growth, close collaboration between the government and financial institutions like Bank Rakyat is crucial in helping entrepreneurs reach their business goals.

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"My advice is to apply as soon as possible. We only have a few months left, two months until the end of the year. These initiatives need to be utilised completely … take full advantage of this opportunity," he said at a press conference.

Bank Rakyat chairman Datuk Mohd Irwan Mohd Mubarak said the development bank remains committed to being a leader in providing inclusive and progressive financial solutions in line with the concept of Malaysia MADANI, ensuring that every segment of society has equal access to financial facilities.

-- BERNAMA