The Government has allocated RM3mil to help young Indian entrepreneurs develop their businesses, MIC president Datuk Seri S. Samy Vellu said.

He said that assistance would be channelled through Tekun Nasional, a body under the Entrepreneur and Cooperative Development Ministry, and the MIC-owned Social Strategic Foundation (YSS).

Speaking to reporters after a briefing by Tekun managing director Datuk Abdul Rahim Hassan here yesterday, Samy Vellu said that three Indian businessmen aged below 40 had been approved a RM10,000 loan each to develop their businesses.

“No one should come and say that the Government has not done anything for the Indian community. There are opportunities available,” Samy Vellu said.

He said the MIC and YSS would also organise workshops in the respective states over the next two months to disseminate information on Tekun to youths.

Abdul Rahim said that Tekun, which was set up in 1998, had already disbursed RM90mil to bumiputras to develop their businesses and was expanding it to Indian youths.

He said a decision on applications would be made within 14 days if all the documents were in order.


“Tekun will request additional allocation from the Government if the RM3mil is inadequate,” he said.

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