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WORLD HERITAGE DESTINATION
Tuesday, November 29, 2011
RM100 million for Indian small traders next year
Posted on November 29, 2011, Tuesday
The government has allocated RM100 million for Indian small traders under the Economic Transformation Plan (ETP), beginning next year.
MIC deputy president Datuk Seri Dr S Subramaniam said the allocation was announced under the 2012 Budget to increase the income and improve the economy of the Indian community.
“This involves the Retail Shop Transformation Programme (Tukar) whereby, Indians have a chance to expand their businesses and improve shortcomings through a modernising process.
“Financial aid, support and guidance will also be given so that a more modern business operation can be practised, especially by the Indian community,” he said at a news conference after the launch of Tukar at Taman Sri Duyong 2, here yesterday.
Dr Subramaniam said the government had also provided RM40 million to transform 500 business premises under the same programme this year, of which 47 were pursued by Indians. — Bernama