Rakyatpreneur programme for asnaf and B40

A total of 20 micro-entrepreneurs with an average monthly income between RM1,000 and RM3,000 to be selected nationwide


THE Rakyatpreneur pilot programme is aimed to help the asnaf and bottom 40% (B40) income group to grow their businesses that were affected by the Covid-19 pandemic.

A total of 20 participants who are microentrepreneurs with an average monthly income of between RM1,000 and RM3,000 were selected from all over Malaysia.

Although the economy is expected to improve following the vaccination programme, there are still businesses not able to be fully operational due to movement restrictions, said Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar (picture).

In line with the current situation and challenges following the spread of the Covid-19 outbreak nationwide, he believes that this programme, organised by Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat), is relevant in helping participants gain business funds, support and guidance on top of new knowledge and skills.

“At the same time, it can strengthen the talent of local entrepreneurs and cultivate an entrepreneurial culture among the community, in line with the government’s aspiration to become a high-income entrepreneurial country.

“Hopefully, this effort can boost the business of 20 asnaf and B40 entrepreneurs who have participated in this programme since December 2020 and can stimulate the country’s economy,” he said while officiating the programme virtually yesterday.

The post-Covid-19 situation greatly challenges the ability of entrepreneurs to sustain its business, which requires mental and emotional stability in dealing with difficult situations.

“I hope Rakyatpreneur’s pilot programme will have an impact in opening up the potential of entrepreneurship and giving opportunities to the underserved and unserved community to get attention to realise the dream of becoming a successful entrepreneur,” Wan Junaidi added.

Meanwhile, Bank Rakyat chairman Datuk Abd Rani Lebai Jaafar said the Rakyatpreneur’s participants received an injection of funds RM5,000 each, also given entrepreneurship training through a webinar from the implementing partner, National Entrepreneurship Institute.

“All participants have undergone a basic entrepreneurial module, social media marketing programme and business model canvas from the start, and this will continue until the programme ends.

“Periodic monitoring would also be carried out to ensure the participants acquired the understanding and skills, as well as direct guidance in managing their business competently and systematically,” he said.

Bank Rakyat will continue the programme in July (Rakyatpreneur 2.0) on a larger scale involving more than 200 participants.

Rakyatpreneur 2.0 participants will be given training and guidance, as well as monitoring for a year, and a more comprehensive module is being prepared to create entrepreneurs from the asnaf group who can stay relevant amid the competitive marketplace.

“Various Rakyatpreneur 2.0 programmes and initiatives will be done in collaboration with local universities, government agencies and experienced entrepreneurs.

“The strategic partnerships will improve the Rakyatpreneur programme and are expected to increase the participants’ income by at least 30% and create more job opportunities in the future,” he said.