SHAH ALAM: The Ministry of Entrepreneur Development and Cooperatives (MEDAC), through the National Entrepreneur Group Economic Fund (TEKUN Nasional), has approved a total of 3,986 applications worth RM33 million for Micro Informal Financing Scheme (SPIM) to-date.
Its Minister Tan Sri Noh Omar said out of the total applications, 95 per cent took around one week to be approved while the rest took eight to 14 days due to lack of information.
To-date, the ministry had received a total of 23,277 SPIM applications involving loans worth RM180 million including the 3,986 approved applications.
"Because of this, we have to postpone SPIM (for now)...we want to settle the applications that have not been approved yet. From the allocation channelled, TEKUN will try to approve as soon as possible.
"We will keep the balance from the RM200 million to focus and give priority to (TEKUN) entrepreneurs affected by the floods," he said.
Noh said this in a press conference during the MEDAC Minister Walkabout programme to TEKUN entrepreneurs' premises around Shah Alam today.
In terms flood-related loans, TEKUN had approved 232 applications valued at RM2 million, out of which 114 applications were from Selangor involving allocations worth RM1.1 million.
He explained that his ministry is also undertaking a study so that entrepreneurs affected by the floods could get a one-off assistance, besides being provided with these loans.
-- BERNAMA
Bernama
Sun Jan 16 2022
MEDAC, through the National Entrepreneur Group Economic Fund (TEKUN Nasional), has approved a total of 3,986 applications worth RM33 million for Micro Informal Financing Scheme (SPIM) to-date, said its minister Tan Sri Noh Omar. - BERNAMA
Ramsay reveals hundreds of lucky cat statues stolen from new restaurant
Gordon Ramsay says about 477 Japanese cat models called maneki-neko were stolen from his Lucky Cat 22 Bishopsgate restaurant.
Zayn Rayyan case: Two child witnesses complete testimony today
So far, 20 prosecution witnesses, including the two children, have been called for this trial, according to the Deputy Public Prosecutor.
Macron says he will tell Trump not to be weak with Putin in Washington visit
Emmanuel Macron says showing any weakness to Russia's Vladimir Putin would make it harder to deal with China and Iran.
Israeli PM Netanyahu says Hamas will pay for not returning Shiri Bibas
Netanyahu accuse Hamas of acting "in an unspeakably cynical manner" by placing body of a Gaza woman in the coffin instead of Shiri Bibas.
Trump pulls US out of key global climate assessment, sources say
The US is a co-chair along with Malaysia of a working group on climate mitigation, or ways to reduce greenhouse gas emissions.
Japan to court Tesla on Nissan investment, FT reports
The group hopes Tesla will invest strategically, believing it's interested in acquiring Nissan's US plants, the report says.
185 children linked to GISB handed over to families - Exco
The children have been handed over to their families on bond with conditions by the court.
IRS fires 6,000 employees as Trump slashes US government
The move will eliminate roughly 6% of the agency's workforce in the midst of the busy tax-filing season.
Elon Musk wields chainsaw at conservative gathering, a gift from Argentina's Milei
This is the chainsaw for bureaucracy, says Elon Musk.
![[OPINION] For never again the world must know more about the Khojaly genocide](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2025-02/41740112820_KhazarUniversity.jpg "[OPINION] For never again the world must know more about the Khojaly genocide")
[OPINION] For never again the world must know more about the Khojaly genocide
For Azerbaijanis, the Khojaly genocide is more than a historical event - it is a collective trauma that shapes their identity and worldview.
Israeli military says body released by Hamas is not of a hostage
Two bodies were identified as infants, but a third, believed to be their mother, Shiri, didn't match any hostage and remains unidentified.
Key takeaways from Trump-Putin talks: Ukraine, energy, NATO, sanctions
Here's what is known so far about what was discussed.
![[COLUMNIST] Whose rights? Islam, eurocentrism and the limits of human rights](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-09/41726025526_UnitedNations.jpg "[COLUMNIST] Whose rights? Islam, eurocentrism and the limits of human rights")
[COLUMNIST] Whose rights? Islam, eurocentrism and the limits of human rights
For as long as rights are understood on Occidental terms, problems would inevitably remain. What is needed is an appreciation of diversity.
Argentina court clears 3 accused in singer Liam Payne's death
The court upheld the pre-trial detention of a hotel employee and a restaurant waiter held since last month.
Spanish ex-soccer boss Rubiales sentenced to pay fine over kiss without consent
Court also acquits Luis Rubiales' three co-defendants accused of attempting to coerce Jenni Hermoso into saying the kiss was consensual.
King’s health significantly improved after treatment - PM
Datuk Seri Anwar Ibrahim says he had the opportunity to seek an audience with the King twice during his official visit to Bahrain.
Why Trump wants the US Department of Education shut down
The vast majority of US children attend the country's free public schools, which are a big employer and economic engine.
How did a jet flip upside down on a Toronto runway and everyone survive?
Here is what we know about this accident and similar crashes.
TIMELINE - Trump's remarks on plan to take over Gaza, displace Palestinians
The plan has been condemned globally, with Palestinians, Arab nations and rights experts saying it was tantamount to "ethnic cleansing."
'No to drugs' signboards mooted as condition for concert permit
Datuk Hussein Omar Khan says it was part of their recommendations as efforts to curb drug taking at entertainment events.