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THE bulk of the nearly RM39 million worth of grants approved by the Small and Medium Industries Development Corporation (Smidec) for Johor entreprenuers between 2003 and 2008 were channeled to non-Bumiputera companies.
State Entrepreneur and Cooperative Development, Education and Higher Education Committee chairman Datuk Maulizan Bujang said non-bumiputera companies received RM29.86 million while Bumiputera companies received RM8.83 million.
“There are various reasons why the Bumiputera applications for loans were turned down. Among them is the lack of minimum requirements such as a business licence,” said Maulizan, adding that the state government would encourage more Bumiputera entrepreneurs to apply for financial aid from Smidec.
A committee under the state government will work with Smidec to desseminate information about the grants.
i need to know about start up business grant..how to apply?what term and condition?thanks
Hi Zulkeflee,
SMIDEC is now known as SMECorp. The info is at:
http://www.smidec.gov.my/node/531 (for Johor state)
Read about the terms, requirements etc at: http://www.smidec.gov.my/node/35