Bank Rakyat has allocated RM50 million via the Bank Rakyat Indian Entrepreneur Financing-i (BRIEF-i) programme to assist the Indian entrepreneur community operating micro, small and medium enterprises (MSMEs) in terms of working capital and capital expenditure for business expansion.
During the launching ceremony of BRIEF-i at Menara Kembar Bank Rakyat on Wednesday, Deputy Entrepreneur Development and Cooperatives Minister Datuk Ramanan Ramakrishnan emphasised the importance of such funding initiatives for helping enterprises elevate their businesses.
Read more at https://tinyurl.com/2p824swp
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
During the launching ceremony of BRIEF-i at Menara Kembar Bank Rakyat on Wednesday, Deputy Entrepreneur Development and Cooperatives Minister Datuk Ramanan Ramakrishnan emphasised the importance of such funding initiatives for helping enterprises elevate their businesses.
Read more at https://tinyurl.com/2p824swp
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
Category
🗞
NewsTranscript
00:00 To foster growth among micro, small and medium enterprises (MSMEs), particularly within the
00:09 Malaysian Indian community, Bank Rakyat has launched a financing program called Bank Rakyat
00:14 Indian Entrepreneur Financing Eye, commonly known as BriefEye. This initiative, with an
00:20 allocation of RM50 million, aims to support entrepreneurs with capital expenditure to
00:25 develop their businesses across various sectors, including small contractors, agriculture,
00:30 retail, services, manufacturing and online business.
00:33 The commitment and dedication of entrepreneurs to develop and develop businesses always inspires me.
00:42 I have always given priority to the initiative of economic empowerment, especially for the Indian community.
00:51 Economic empowerment is the only thing that can guarantee the future and the future of the Indian community in this country.
00:58 BriefEye offers various advantages compared to other financing programs in the market.
01:06 Among the advantages of BriefEye are the competitive advantages and high financing rights.
01:13 During the launching ceremony of BriefEye at Menara Kemba Bank Rakyat on Wednesday,
01:18 Ramanan emphasized the importance of such funding initiatives for helping enterprises
01:22 to elevate their businesses. Eligible applicants for this financial aid include micro-enterprises
01:28 that have been in operation for at least one year with a satisfactory CTOS or Secris record.
01:34 SME entrepreneurs must have been operational for at least two years, maintain a satisfactory
01:39 CTOS and Secris record, and possess a positive net asset value.
01:44 Bank Rakyat Chairman Dato' Mohamad Irwan Mubarak echoed this message of entrepreneurial support
01:49 in his opening remarks at the BriefEye launch.
01:52 This is a good idea to help the Indian community based on the Bank Rakyat Indian Entrepreneurial Financing.
02:00 I would like to say thank you so much, Webby. We are always ready to serve all the people outside there.
02:05 We will be together with the Ministry of Entrepreneurship and Cooperation.
02:10 We have a big heart like Webby. We want to serve the nation.
02:14 The event also saw the presence of several long-serving entrepreneurs from the Indian community in Malaysia.
02:20 This program is very good for start-ups and those who are ready for micro- and SMEs.
02:26 And I hope many of them and many other Indian entrepreneurs out there
02:33 can grow up together with Bank Rakyat.
02:37 Indians are doing business, but maybe on a small percentage.
02:41 So with this kind of funds, maybe it can help to boost more Indians to get small financing
02:48 to kick-start their own small businesses.
02:50 So the 50 million allocation is the first time this kind of funds being introduced specifically for Indians.
02:56 And we thank the government for this initiative.
02:59 And we hope more of these funds will be continued over the year to keep helping this Indian economy.
03:06 [Music]
03:23 [Music]
03:24 [Music]
03:25 [BLANK_AUDIO]