Cooperative bank, 7% of GLCs’ workforce intake among MIC’s promise

Dr Subramaniam says a banking institution dedicated to the Indians can be realised if BN is given the mandate again


THE Indian community can look forward to having its own dedicated cooperative bank, should Barisan Nasional (BN) win the 14th General Election (GE14).

The cooperative bank is one of the pledges made by the MIC in its manifesto for the upcoming election. Unveiling the manifesto at the MIC headquarters yesterday, party president Datuk Seri Dr S Subramaniam said a banking institution dedicated to the Indians can be realised if BN is given the mandate again by Malaysians on May 9.

“The bank would be a dream come true for us. It is a long time dream for MIC and the Indian community,” he said.

Dr Subramaniam said the party had begun discussions with various Indian cooperatives in the country, to consolidate the efforts that would enable the formation of the bank.

“We have started the process. The discussion with the cooperatives are ongoing. With their support and push, I am sure the dream will come true,” he added.

Apart from the dedicated bank, the party has also pledged to ensure that 10% of Indian-owned firms to be included in various vendor development programmes conducted by government-l inked companies (GLCs). In addition, Dr Subramaniam said that the party will push for Indians to have a 7% allocation for employment intake among agencies in the public sector.

The party will also work towards forming a rolling fund of RM500 million via Tekun Nasional, Amanah Ikthiar Malaysia and SME Corp Malaysia to assist Indian entrepreneurs.

“It has been agreed at the policy stage, but now it’s time to get it implemented. Not only the public sector, but we are trying to expand it to include the GLCs.

“We will closely monitor the implementation of the policy in public sector intake and will check on all agencies to comply with the regulation.”

On a larger context, Dr Subramaniam said the Indians support for the BN coalition has improved from the previous national polls.

Based on a survey done by MIC’s Women Wing, he said the coalition is expected to receive support from 65% of the total Indian voters in the country, on average.

“The Wanita MIC has reached out to 85% of the Indian voters in the country and the data shows that we have 65% voters supporting BN — the highest compared to other communities,” he stressed.

Dr Subramaniam said the support from the Indian community fell between 48% and 55% at GE13.

“This is definitely the highest point of support. In some places, we get about 80% support and it varies according to the constituency.

“That makes the Indians as the deciding factor for a significant number of constituencies in the country, not only for those contested by MIC, but for other component parties as well,” he said.