The SME Bank Group has approved, as of December 2016, RM45 million in financing to 611 youth entrepreneurs under the Young Entrepreneur Fund (YEF). The YEF is a special fund allocated by the government to create new entrepreneurs among Malaysian youths by providing alternative financing access to them to start new business as well as for the needs of their existing business.

Deputy International Trade and Industry Minister Datuk Ahmad Maslan said 158 recipients from the Federal Territory obtained RM12.4 million while Selangor was next with RM9.1 million (98 participants) and Johor with RM4.7 million (58 participants).

 

Source: Bernama