Govt earmarks RM100 mln to improve Indian community's socioeconomic status

KUALA LUMPUR: The government is allocating RM100 million to the Malaysian Indian Transformation Unit to raise the socio-economic status of the Indian community, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Speaking at the tabling of the Budget 2021 in Parliament today, he said TEKUN Nasional would also provide RM20 million specifically for the Indian Community Entrepreneur Development Scheme (SPUMI) and RM5 million for entrepreneur development for other minority communities.

For the Chinese, a sum of RM177 million would be provided for programmes to improve educational facilities and housing, the development of new villages as well as financing facilities through Bank Simpanan Nasional.

"The government will focus on community development programmes covering all levels of society," he said.

Under Budget 2021, themed "Resilient as One, Together We Triumph”, the government has allocated RM322.5 billion for expenditure -- the highest expenditure in the country's history.

-- BERNAMA