KUSKOP channels RM7 billion under its Power Up 10K initiative, benefiting more than 213,000 MSMEs nationwide in the first half of 2026.
SEREMBAN: The Ministry of Entrepreneur Development and Cooperatives (KUSKOP) has channelled nearly RM7 billion under its Power Up 10K initiative, benefiting more than 213,000 micro, small and medium enterprises (MSMEs) nationwide during the first six months of this year.
Its Minister Steven Sim said the funds were disbursed through various support and financing programmes under the initiative, which targets a total disbursement of RM15 billion this year.
He said the achievement reflected KUSKOP’s continued commitment to ensuring that the MSME sector remains competitive and resilient in facing current global economic challenges.
“For Negeri Sembilan alone, under the Power Up programme, we have successfully channelled RM345 million to more than 6,600 local entrepreneurs.
“This shows that government funding and support are reaching the grassroots effectively,” he told reporters after attending the Negeri Sembilan KUSKOP staff and agencies’ assembly here today.
Sim said KUSKOP has also set a new direction to ensure that all agencies under the ministry serve as an efficient front line in assisting entrepreneurs.
Through the approach, he said emphasis is placed on expanding business resources, enhancing the efficiency of public service delivery, and reducing compliance costs to ease the burden on entrepreneurs.
“If we cannot control external costs such as fluctuations in global oil prices, then at the very least we must ensure that compliance costs arising from laws and local government policies are reduced as much as possible,” he said.
Sim also urged state-level agencies to engage in healthy competition by speeding up fund disbursements instead of waiting for entrepreneurs to approach them.
“Don’t wait for them to come looking for us. We must intensify our roadshows and step up our promotional efforts, whether through social media or physical outreach, so that entrepreneurs are aware of the schemes, programmes and facilities available and know where to seek assistance,” he said.
