KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (KUSKOP) assures that appropriate action was being taken against weaknesses po...
: The Ministry of Entrepreneur Development and Cooperatives assures that appropriate action was being taken against weaknesses pointed out as well as recommendations in the Auditor-General’s Report 2021 regarding the Small and Medium Enterprise programme development grant.said the SME Corporation Malaysia as the agency involved in the programme is taking appropriate action following the recommendations in the report.
“KUSKOP has noted LKAN’s criticism related to the programme under SME Corp...I will request more information from SME Corp regarding the actions taken but SME Corp has already given an explanation. It’s being taken care of by SME Corp. He said this to reporters before chairing the 2023 National Cooperatives Consultation Council Meeting here today.
According to the report, poor programme implementation resulted in only RM27.91 million of the RM59.52 million grant being successfully spent within the set period while RM14.88 million was spent on other programmes making a total of RM42.79 million of the allocation received, spent and benefited SMEs.
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