Ministry To Monitor Efficient Disbursement Of TEKUN Funds For Indian Entrepreneurs - Ramanan

KUALA LUMPUR, Jan 17 (Bernama) -- The disbursement of funds under the National Entrepreneurial Group Economic Fund (TEKUN) to empower Indian entrepreneurs will be monitored to ensure effective implementation and delivery.

Deputy Minister of Entrepreneur Development and Cooperatives Datuk Seri R. Ramanan said the MADANI government remains committed to enhancing the economic empowerment agenda for the Indian community, including the largest-ever RM100 million allocation through the Indian Community Entrepreneur Development Scheme (SPUMI) under TEKUN Nasional since 2007.

“In Budget 2025, the Prime Minister (Datuk Seri Anwar Ibrahim) allocated RM30 million through TEKUN Nasional to empower Indian entrepreneurs, complemented by an additional RM70 million from TEKUN Nasional’s internal funds, which will benefit over 5,000 Indian entrepreneurs nationwide.

“My team at the ministry would work closely with TEKUN Nasional’s leadership to ensure the smooth implementation of the initiative,” he said in a Facebook post today.

He added that the allocation represents a strategic effort by the MADANI government to support Indian entrepreneurs in advancing their businesses.

Regarding SPUMI’s achievements, Ramanan said the scheme has assisted 26,804 Indian entrepreneurs with RM500 million in funding since its launch in 2007.

In 2024 alone, RM58.9 million was disbursed to 2,408 Indian entrepreneurs through SPUMI, while RM12.6 million was allocated to 287 entrepreneurs under SPUMI Goes Big, launched in April 2024.

He also reaffirmed the MADANI Government’s commitment to introducing new initiatives to benefit the Indian community, with strong support from the Prime Minister and Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick.

-- BERNAMA