Kuskop To Train MSMEs To Adopt Digitalisation

The Entrepreneur Development and Cooperatives Ministry (Kuskop) hopes to train as many micro, small and medium enterprises (MSMEs) in adopting digitalisation next year to ensure that maximise their business potential.

Its minister Datuk Ewon Benedick said that the business digitalisation training will be carried out through several agencies including The National Entrepreneurial Group Economic Fung (Tekun Nasional), Amanah Ikhtiar Malaysia (AIM) and SME Corporation Malaysia (SME
Corp), who will also providing the fund to the MSMEs involved.

“The digitalisation component is among the ministry’s focus, where some of the allocations will be channelled to the ministry to train entrepreneurs in adopting digitalisation in marketing and business administration, as well as to utilise efficient financial and accounting system,” he said.

“This is part of the courses that we carried out,” he said after the Jendela Fikir programme entitled Budget 2024: Kuskop Realisation Of Madani Economy today (Oct 19).

He said the culture and digital operationalisation is important in today’s business especially after the country experienced Covid-19 pandemic and the movement control order that forces Malaysians entrepreneurs to move online including for services offered.

“The challenge now is to train MSMEs that are used to conventional, offline businesses. However, we have an existing training modules related to digitalisation, for the short and long term such as ‘Bumiputera Business Coaching’ under the National Institute of Entrepreneurship (INSKEN),” he said.

Ewon said after the training, MSMEs will be monitored by INSKEN from the operational and sales aspect to ensure that they are able to adopt digitalisation in business.

In the tabling of Budget 2024 last Friday (Oct 13), Prime Minister Datuk Seri Anwar Ibrahim announced that a total of RM100 million will be allocated for the digitalisation grant up to RM5,000 that will benefit more than 2,000 MSMEs.

Anwar, who is also the finance minister said the grant can be used to upgrade sales systems, inventory and digital accounting.

Besides that loan funds under Bank Negara Malaysia amounting to RM900 million will be provided to encourage SME companies to increase business productivity through automation and digitisation.

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