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TUBE-X programme: Over RM3 million grants to Sabah Bumi youths
Published on: Tuesday, May 14, 2024
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TUBE-X programme: Over RM3 million grants to Sabah Bumi youths
Ewon (centre) in a group photo with Tube-X participants.
Kota Kinabalu: Some 214 Sabah Bumiputera youth entrepreneurs were trained this year through grant assistance amounting to over RM3 million under the Tunas Usahawan Belia Bumiputera (Tube) programme.

Entrepreneur Development and Cooperatives Minister (Kuskop) Datuk Ewon Benedick said participants who y completed the Tube-X programme training received up to RM15,000 business start-up grants per person.

“The Tube-X programme offers comprehensive entrepreneurship training to participants and can help them make business plans based on interests, environmental opportunities, instil entrepreneurial spirit and foster resilience and identity.

“This year, after three years of online implementation of the Tube programme due to the Covid-19 pandemic, this programme is again held face-to-face so that the entrepreneurship teaching and training period can be maximised and indirectly create a network among participants.

“Until December 2023, some 7,738 Tube participants took part and participants from Sabah were the highest participating in the Tube programme with 1,444 (18.66pc).

“Tube Sabah Alumni participants also succeeded in creating 2,039 job opportunities in Sabah with a cumulative business sales value of RM20.65 million,” he said after officiating the Sabah Zone Tube-X Programme closing ceremony, here, Sunday.

The programme in the form of basic entrepreneurship training, which has been rebranded as Tube-X in conjunction with its 10th anniversary, was carried out in collaboration with the Companies Commission of Malaysia (SSM) and Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat) for a week starting on May 6.

Ewon also said as a continuation of assistance to entrepreneurs who just started, SME Corporation Malaysia also provides grants under the Bumiputera Enterprise Enhancement Programme (Beep) up to RM500,000 to further increase the productivity and capabilities of businesses that they had been working on.

“Since 2021 and till April 30, of 868 applications were approved amounting to RM105.11 million.

“Of that amount, 32 PMKS from Sabah have been approved for grants amounting to RM5.30 million in addition to 74 Sabah micro-entrepreneurs receiving grant approvals amounting to RM5.87 million under the Mikro Madani programme,” he said.

 Ewon said bumiputera youth entrepreneur participants could also increase business working capital through digital soft financing through the Tunas-I programme run by SME Corp in collaboration with Funding Societies (Modalku Venture Sdn Bhd).

Also present were SME Corp Malaysia Chairman Tan Sri Bernard Dompok, SME Corp Malaysia Chief Executive Officer Rizal Nainy, Kuskop Secretary General Dato’ Sri Suriani Dato’ Ahmad, Kuskop Deputy Secretary General (Entrepreneur Development) Datuk Haji Zamri Salleh and UMS Vice Chancellor Prof Datuk Dr Kasim Mansoor.

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