Thursday, August 1, 2013

YPU Aims To Boost Entrepreneurial Development

KUALA TERENGGANU, July 31 (Bernama) -- The Terengganu Entrepreneur Development Foundation's (YPU) RM137 million strategic five-year plan aims to boost entrepreneurial development in the state.

Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=967422
Published: August 01, 2013

Its chairman, Datuk Sabri Mohd Nor, said under the strategy, YPU will focus on five key areas.

"Of the amount, RM55.5 million will be used to help small and medium enterprises (SMEs) gain access to finance and this will involve 2,390 entrepreneurs," he said.

Sabri said this to Bernama after breaking of fast with YPU staff yesterday.

Also present were Terengganu State Exco member in charge of Entrepreneurship, Rural Development, Consumerism and Cooperatives, Roslee Daud and YPU Chief Executive Officer, Azmi Razik.

He said about RM35.58 million will be used to boost market access for about 3,370 entrepreneurs and RM16.05 million will be used to boost the competitiveness of the SMEs.

An allocation of RM2.617 million will be used for projects to help strengthen the community and business entrepreneurship, involving 11,200 entrepreneurs," he said.

Sabri said about RM13.450 million will be used to help the entrepreneurs to gain access to infrastructure, involving 72 premises.

About RM12.7 million will be for administrative and financial needs of the organisations.

He said YPU, which will bring the matter to the state government, hoped that it will consider it in a positive light.

"The five-year plan represents one of the Barisan Nasional's promises," he said.

-- BERNAMA 

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