TWENTY-SIX Cooperative Development Councils will be set up to help oversee the recovery of Small and Medium Enterprises (SMEs) in each parliamentary constituency in Johor.
The chairman of the state’s committee for youth, sports, entrepreneur development, cooperatives and human resources, Mohd Hairi Mad Shah, said the councils would be led by young leaders.
“The objective is not only to look at the recovery of our SMEs, but also how we can open up more business opportunities for young people in Johor,” he said, adding that the initiative would be introduced more late this year.
Speaking at Johor Co-ope-rative Day 2022 at Plaza Angsana, Johor Baru, Mohd Hairi said the state will conduct a market survey on 30 co-operatives that closed this year to shed light on how the government could improve some of its approaches to help businesses recover.
The co-ops affected were mostly owned by host families and hotels that had shut down since last year, he noted.
“The study will detail why they closed, their management practices, their business value and its impact on the local economy.
“Currently, there are 1,456 active co-ops in the state.”
The Johor government is also in the final stages of planning one-time financial assistance for SMEs in the state in line with Malaysia’s transition to Covid-19 endemicity, Mohd Hairi added.
“Aid totaling RM1.5 million has already been given to 299 SMEs last year to help them cope with the pandemic.
“The initiative is in the final stage of discussion with relevant stakeholders and details will be announced soon by Johor Mentri Besar,” he said.
Mohd Hairi also said that a stipend of RM360,000 has been given to the Johor Entrepreneur Corporation to run the local entrepreneur development scheme.
“This year alone, the Cooperative Societies Commission Malaysia (SKM) has so far distributed RM500,000 to 18 cooperatives to help their businesses recover.”