KUALA NERUS, Feb 17 (Bernama) – The Ministry of Entrepreneur Development (MED) aims to produce 50,000 small and medium entrepreneurs (SMEs) in order to increase their contribution significantly to the country’s Gross Domestic Product (GDP) growth, says its minister Datuk Seri Mohd Redzuan Yusof.

He said SMEs currently contributed 37 per cent to the GDP and the target was increase that to 47 per cent by 2020.

He said in order to achieve the target, the ministry has implemented various initiatives including the “Reach Out & Adopt Programme with MED”, pocket talk sessions with SMEs, Cluster Based Enhancement Programme and Bumiputera Youth Entrepreneurship Programme to foster interest and guide those who are really keen.

[Source: “MED to create 50,000 entrepreneurs” published by BERNAMA]

Photo Credits: BERANAMA

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