Microcredit Scheme Also For Youth

SHAH ALAM, 26 Nov: The Selangor State Government will be giving everyone, including youths, the opportunity to start a business via the Urban Microcredit Scheme (Mimbar).

Welfare, Women’s Affairs, Science, Technology and Innovation Exco, Rodziah Ismail said that in addition to providing services to those who have already started businesses, Mimbar Niaga is opening up opportunities to individuals who want to generate income to improve living standards.

She said that youth who want to start a business will be given the capital, basic equipment as well as consistent guidance.

“Under the Mimbar Niaga programme, the State Government will be providing the basic capital and guidance to participants. This programme is also aims to assist individuals who do not already have businesses but want to give it a shot for a trial period of 6 months. If successful, their businesses can be expanded to a higher level,” she said.

Rodziah said this while answering questions from Amirudin Shari (PKR-Batu Caves) regarding the Selangor Microcredit Scheme (Skimsel) and Mimbar.

Rodiah added that since October this year, 12,175 participants have qualified to receive assistance from both the schemes; 6758 under Skimsel and 5417 under Mimbar.

From the total, 2,962 participants are youths (Skimsel), while for Mimbar, 2,331.

“Skimsel has successfully managed to obtain 97.02% of the returns while Mimbar, 83.03%. Most of the loans are paid back consistently by the participants using the bank services provided,” she added.

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