RM20m to support entrepreneurs, cooperatives


THE Ministry of Entrepreneur and Cooperative Development (Medac) will channel RM20 million worth from the People’s Protection and Economic Rehabilitation Package (Pemulih) package to support the Cooperative Economic Rehabilitation Intervention Programmes.

These programmes are the Prihatin Rakyat Cooperative Establishment Programme (KPR), Prihatin Rakyat Cooperative Sales Programme, Cooperative Movement Economic Transformation Programme (TRANSFER) and Online Cooperative Products or Services Trade Programme (e-DAPAT).

It would assist cooperatives which have been financially affected by the Covid-19 pandemic and would be held from July 2021 to 2022.

Medac Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar (picture) said the KPR programme will encourage new cooperatives to be established in order to enable the targeted group which are namely the micro, small and medium enterprises and those who have lost their source of income so that they can sustain again through cooperatives.

“It is estimated that a total of 1,000 entrepreneurs will be assisted through the establishment of 50 cooperatives through an allocation of RM5 million provided by the government.

“Therefore, the people are encouraged to support the People’s Caring Cooperative Sales programme by buying daily necessities at cooperative shops that offer cheaper prices compared to the local market,” he said in a statement yesterday.

To ensure cooperatives to carry out retail activities, sales incentives would be provided in order to reduce the price of daily necessities such as sugar, flour, cooking oil, rice, eggs and others.

Moreover, a total of RM15,000 one-off sales incentive was given to 200 cooperatives directly involved in the wholesale and retail sector to reduce the price of daily necessities with an allocation of up to RM3 million and ensure consistent cashflow.

“Cooperatives also need to be prepared to use one or a combination of appropriate mechanisms such as door-to-door delivery services, e-commerce purchasing systems and ordering through social media or WhatsApp applications and others owned by cooperatives”, said Wan Junaidi.

The TRANSFER programme offers grants amounting to RM100,000 for cooperatives that have been affected, especially in the tourism and personal care sector in order to explore new businesses through a total allocation of RM10 million.

The programme would be focusing on 100 cooperatives as beneficiaries and is expected to provide 200 job opportunities as a result of cooperatives’ involvement in new fields.

The e-DAPAT will improve the accessibility and availability of cooperative products or services online and it reaches to micro, small, medium and large cluster cooperatives which has products.

It would help credit cooperatives, Ar-Rahnu and others that have the potential to be commercialised through online platforms.

Medac will also provide grants up to RM20,000 to help cooperatives promote their products and services online.