TEKUN NASIONAL DISBURSES RM109 MLN TO 2,006 SABAH ENTREPRENEURS AS OF SEPTEMBER

TELUPID, Oct 26 (Bernama) -- The Ministry of Entrepreneur Development and Cooperatives (KUSKOP) has disbursed RM109 million via TEKUN Nasional as of September this year to empower micro, small, and medium enterprise (MSME) entrepreneurs in Sabah.

Its Minister, Datuk Ewon Benedick, said the funding has benefited 2,006 TEKUN entrepreneurs in the state, which includes RM8.5 million allocated to 207 entrepreneurs in Telupid. 

"This clearly demonstrates TEKUN Nasional's commitment to empowering the people through micro-financing support, particularly for rural communities and small entrepreneurs who need capital injection to grow their businesses," he said in a statement today.

He added that since its establishment in 1998, TEKUN Nasional has disbursed a total of RM10.84 billion in financing to 607,514 entrepreneurs nationwide as of September.

Of this total, RM1.26 billion was channelled to 67,248 entrepreneurs in Sabah, with RM37.4 million allocated to 1,320 entrepreneurs in Telupid under the Beluran parliamentary constituency.

"Telupid is rich in natural resources and has immense agricultural and tourism potential. Our local entrepreneurs, especially those in small-scale businesses, agriculture, handicrafts and the food industry, are our strength.

“They not only generate income for their families but also create jobs and drive the local economy," he said.

Ewon advised residents to take full advantage of the Informal and Micro Financing Scheme (SPIM) and other funding programmes offered by TEKUN Nasional, stressing the importance of participating in training and mentorship programmes provided by agencies under KUSKOP.

"Business success does not depend on capital alone; it also requires knowledge and entrepreneurial skills," he emphasised.

Separately, he noted that Budget 2026 demonstrates the government's ongoing commitment to assisting MSME entrepreneurs, with up to RM2.5 billion allocated to support micro-entrepreneurs nationwide. 

--BERNAMA