Grants only for truly qualified entrepreneurs, says Redzuan

Entrepreneur Development Minister Mohd Redzuan Yusof.

ALOR SETAR: The government continues to give grants to Bumiputera entrepreneurs but such assistance would only be given to those truly qualified, said entrepreneur development minister Mohd Redzuan Yusof.

He said the main function of the ministry was not only to give out grants but also to assist entrepreneurs and open up opportunities to boost their incomes.

‘’The main function of the ministry is to teach those who want to be entrepreneurs. If the entrepreneur is really keen and shows he is headed in the right direction, we will help by giving a grant to expand his endeavours.

‘’I hope the people can change their thinking and no longer hope to be merely given free financial assistance,’’ he told reporters after visiting the Pekan Baru complex here today.

He was commenting on a statement by Parti Bumiputera Perkasa Malaysia (Putra) vice-president Hamidah Osman that the Pakatan Harapan government might as well close down the ministry following its decision to no longer give free grants to Bumiputera entrepreneurs.

Hamidah was reported to have said that there was no more use for the ministry to exist if it could not help those needing assistance.

Redzuan said the government would give grants for research which showed promise of being commercialised. It will help speed up the start of any business started by such entrepreneurs.

‘’If the entrepreneur can give a commitment to the government and himself, we will help by giving a grant.

“If you look at our record, there are those who only spent 50% of the money they received from us for business. They spent the other 50% doing other things.

‘’So, that is already an abuse of our grants. As such, the government wants to reduce this.

“During the time of the previous government, if the entrepreneur knew the right people, he would have a bright chance of getting ‘free money’. The current government and ministry is more focused (on how to help entrepreneurs),’’ he said.

Last Friday, Redzuan was reported as saying that Putrajaya would no longer give free grants because it did not want entrepreneurs to be too dependent on its assistance.