By Fitri Hazim Hazam
SHAH ALAM, Feb 24 — The state government has allocated RM2 million to continue the Selangor Madani Entrepreneur Fund (DUMS) programme, which offers financing of up to RM30,000.
State executive councillor for youth, sports and entrepreneurship Mohd Najwan Halimi said that the financing is aimed at helping entrepreneurs purchase machinery or business equipment, thereby increasing their sales revenue.
“The fund allocation is distributed to entrepreneurs across nine districts. DUMS also aims to produce resilient, competitive, and progressive entrepreneurs,” he said.
[caption id="attachment_391071" align="alignright" width="515"]
State executive councillor for youth, sports and entrepreneurship Mohd Najwan Halimi speaks during the Selangor State Legislative Assembly session in the State Secretariat Building in Shah Alam, on February 24, 2025. — Picture by MOHD KHAIRUL HELMY MOHD DIN/MEDIASELANGOR[/caption]
Najwan was responding to Bukit Melawati state assemblyman Datuk Noorazley Yahya's query on the state government’s long-term plan to support youth economic development, during the Selangor State Legislative Assembly session today.
The eligibility criteria for DUMS applications include:
- Applicants must have resided in Selangor for over 10 years.
- The business must fall under the microenterprise category.
- The business must be registered with the Companies Commission of Malaysia.
- The business has at least two employees.
- The business must be operated full-time.
Previously, Menteri Besar Datuk Seri Amirudin Shari said 1,029 micro-entrepreneurs had benefited from DUMS, with a RM20.6 million expenditure allocation, from 2015 to 2023.
He also announced that the recipient scope has been expanded to include creative entrepreneurs, most of whom are young individuals, to support their business capital needs.
