KUSKOP to set up special scheme to help online entrepreneurs - Noh

SHAH ALAM: The Ministry of Entrepreneur Development and Cooperatives (KUSKOP) will create a special scheme to help the online entrepreneurial community further stimulate and expand their businesses.

Its Minister, Tan Sri Noh Omar, said the special scheme to be proposed to the government under the upcoming budget would also assist the youth community, in particular, who seemingly tend to gravitate towards online business.

"Based on record (data) from the Companies Commission of Malaysia (SSM) during the period from March 1 till Oct 31, 2020, a total of 373,213 entities registered their business with SSM for the online business category.

"Online business is extraordinary and flexible so much so that one can work from home, with government servants capable of achieving income more than their salary. Hence, KUSKOP has aksed all its agencies to provide a special scheme to help online entrepreneurs," he told reporters after officiating the closing ceremony of the Selangor small traders and hawkers strengthening programme (PPPPK) here, today.

Noh said the special scheme plan would provide the maximum allocation allowed according to the respective agencies under the ministry.

"Priority will be given to more than 2,000 participants who have attended the (PPPPK) programme to become the first batch of recipients for this scheme under the ministry's agencies," he said.

The programme which successfully gathered 2,836 hawkers and traders is held over 10 series nationwide and Selangor was selected as the final destination for the event.

Meanwhile, he said, in order to make the ministry's digital platform, MyMall, as the leading e-commerce provider that is capable of competing with existing platforms, four e-commerce platforms, namely ODELA by SME Bank, Pybli by Pernas, Angsana Virtual Mall by UDA Holdings and WarongKu had merged and were put under MyMall.

He said the ministry acknowledged that to compete with the existing e-commerce platforms is not an easy task, however, he hoped MyMall is able to be on par with them in the future.

"Currently, the response is very encouraging and (the ministry) will strive to attract more online entrepreneurs to join the platform," he added.

-- BERNAMA