Capital injection: Ramanan launching the PENN fund for Indian women in Kuala Lumpur. — CHAN TAK KONG/The StarKUALA LUMPUR: A special RM50mil fund will help Indian women micro-entrepreneurs expand their businesses, says Deputy Entrepreneur Development and Cooperatives Minister Datuk R. Ramanan.
“This will help create more Indian micro-entrepreneurs in line with the Malaysia Madani concept,” Ramanan said at a Tamil New Year celebration and launch of the Prosperity Empowerment and New Normal for Indian Women fund here yesterday. AIM board of trustees Datuk Seri Syed Hussian Syed Junid, who was present, said such micro-credit schemes would also benefit the dependents of the micro-entrepreneurs.
“I want to open a proper flower shop selling prayer paraphernalia too but I need funds. The rent alone is RM1,000. I wish to apply for RM10,000 to start the shop and get the rest of what is needed from elsewhere.
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