SHAH ALAM: The entrepreneur development and cooperatives ministry will create a special scheme to help online entrepreneurs drive and expand their businesses.
Minister Noh Omar said the special scheme, to be presented to the government for consideration under the upcoming budget, would also offer assistance to the youth, in particular, who 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 businesses 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, the ministry has asked all its agencies to provide a special scheme to help online entrepreneurs,” Noh told reporters after officiating the closing ceremony of the Selangor small traders and hawkers strengthening programme here, today.
Noh said the special scheme 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 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, Noh 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.