SME Bank loans for young entrepreneurs
by Jeremy Veno
KUCHING: So now that Budget 2014’s been tabled, what’s in it for the youth? For a start, you could take advantage of the Graduate Entrepreneurship Loans which was allocated RM50 million in Budget 2014 to start your own business.
The loans under SME Bank according to Minister in the Prime Minister’s Department Nancy Shukri acts as a two-prong effort by the government to cut down the number of unemployed graduates and provide youths a chance to start their own business.
“Even though their business ventures are small in the early stage, at least it is a positive start towards bigger ventures,” said Nancy during the closing of the Federation of Women’s Institutes (PPWS) Junior Master Chef 2013 cooking competition at the State Library on Nov 1.
She added that youths are also encouraged to delve in the agriculture industry which promises huge profits and at the same time push the nation’s economy forward.
Touching on PPWS as a non-governmental organisation, Nancy who was the former chairwoman said that they have always been guiding and providing assistance to prospective entreprenuers in the state.
Looking at the bigger picture of the cooking competition which was held, Nancy said that the programme may look small but the knowledge and experience which the participants gain are vital.
“Through this competition, students learn how to produce food and at the same time provides them an idea on the food and beverage industry which they could further venture in the future,” she added.
Meanwhile, taking first place in the Homemade Burger competition was Wan Suriani Wan Zakaria, second place Zarith Anisya Kushairi and third Ahmad Rezaf Zainal.
The Best presentation went to Nur Rehanna.