BEEP entrepreneurs get grants
Published on: Saturday, August 18, 2018
Melaka: Entrepreneurs under the Bumiputera Enterprise Enhancement Programme (BEEP) in Melaka have received grants totalling RM13.98 million and involving 347 applications approved from 2013 to June 2018.SME Corp Melaka Director Nor Hidayaty Mohd Nor said the number of approvals exceeded 90 per cent of the applications received during the period, that is 383 from small medium enterprises (SME) entrepreneurs."Based on records, Melaka had the highest receipt and approval of BEEP programme applications compared to other states during the said period.
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"This year, for BEEP grant approvals, we allocated RM2 million and similar to 2017. To date, we have spent RM1.5 million. If we still receive applications and the remaining allocation is insufficient, we will ask for an additional sum," she told reporters after a ceremony to hand over the BEEP grants to entrepreneurs in Melaka here on Friday.At the ceremony, 18 Bumiputera SME companies received BEEP grants totalling more than RM1.51 million. It was presented by the state Agriculture, Entrepreneur Development and Agro-Based Industry Committee chairman, Norhizam Hassan Baktee.
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Elaborating further Nor Hidayaty said last year 26 SME companies received the BEEP grants totalling about RM3.3 million, and most of the entrepreneurs had succeeded in expanding their businesses to a better level. Stay up-to-date by following Daily Express’s Telegram channel.
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The BEEP grants involve a maximum financial allocation of RM500,000 and depends on a number of conditions, including applications being open to only SMEs that were operational and stable, as well as having an active financial cash flow. – Bernama
