AMBANK (M) Bhd and Financial institution Simpanan Nasional (BSN) have joined forces by means of a memorandum of understanding (MoU) to create the “Amplifying MSMEs Programme”, which goals to nurture and elevate micro, small and medium enterprises (MSMEs).
The partnership additionally goals to offer monetary and enterprise data wanted to construct and upskill individuals’ enterprise acumen by means of a collection of workshop programmes.
The programme goals to offer individuals with monetary literacy, monetary administration, enterprise administration, operations administration and digital transformation data.
The initiative will give attention to increasing 200 chosen MSMEs who’ve beforehand benefitted from the BSN microfinancing scheme.
The aim is to raise these MSMEs to a different stage of enterprise progress by facilitating entry to important monetary companies that cater to their evolving enterprise necessities, a joint launch mentioned final week.
“By embarking on this strategic partnership with BSN, we hope that MSMEs is not going to solely acquire a greater understanding of financing wants, but in addition acquire publicity to new concepts, rising traits and revolutionary enterprise fashions to additional develop their companies.
“AmBank and BSN stay dedicated to persevering with efforts and initiatives to make sure MSMEs can make the most of the assorted programmes, services and products provided by the financial institution at any time in aiding their progress journey,” mentioned Ambank Group CEO Datuk Sulaiman Mohd Tahir.
In the meantime, BSN CEO Jay Khairil mentioned the partnership between BSN and AmBank will strengthen BSN efforts to transition its micro clients into the small enterprise phase in alignment with the aspirations of its five-year company strategic plan.
“This developmental programme underscores our dedication to equipping clients with essential monetary acumen and sensible abilities whereas sustaining our management within the microfinance group,” he mentioned.
The programme will likely be held in batches ranging from this month to December 2023 positioned in Kuala Lumpur, Johor Baru, Ipoh and Kota Baru, whereas providing a money reward of RM10,000 for one of the best enterprise module for every location.
Via the programme, excellent individuals will likely be offered one of the best enterprise module MSME award which additionally presenting alternatives for eligible graduate MSMEs to get pleasure from particular monetary product presents from AmBank.
- This text first appeared in The Malaysian Reserve weekly print version