By Adam Azman
SHAH ALAM, June 19 — The Selangor government will introduce a RM20 million Dana Pantas Usahawan (Entrepreneur Quick Fund), offering interest-free financing of up to RM10,000 to help more residents venture into business and expand existing enterprises.
Menteri Besar Dato’ Seri Amirudin Shari said the initiative, implemented through Yayasan Hijrah Selangor and Platform Selangor (PLATS), provides a repayment period of up to three years to ease the burden on entrepreneurs.
“Through the digital DANA PLUS application by HIJRAH, this assistance is expected to benefit 2,000 registered entrepreneurs, whether to start or expand their businesses,” he said when tabling at the Selangor State Legislative Assembly special sitting here today.
He said this when tabling Phase 2 of the Selangor Resilience Enhancement Package.
Yayasan Hijrah, established in 2015, has channelled financing assistance to thousands of entrepreneurs, while PLATS, launched in 2021, serves as Selangor's digital commerce platform aimed at helping local traders and SMEs expand their reach and adapt to the digital economy.
Previously, in Phase 1 of the package, Amirudin announced that RM6 million will be channelled through KoHIJRAH to support micro and small businesses manage operational and inventory costs.
He added that PLATS will be expanded from May to allow more local traders to benefit from the state’s ecosystem.
Meanwhile, Amirudin said today the state government is introducing the Selangor Entrepreneur Recovery Initiative to help businesses affected by global supply chain disruptions and declining performance.
Under the programme, entrepreneurs with existing loans from Yayasan Hijrah will be given the option to restructure their financing without incurring additional interest or penalty charges.
He said the measure is aimed at safeguarding the continuity of businesses during challenging economic conditions.
“As many as 6,000 entrepreneurs with existing Yayasan Hijrah financing are eligible to apply for loan restructuring without additional interest or penalties,” he said.
