KOTA BHARU: The Ministry of Entrepreneur Development and Cooperatives (Medac) has detected more than 2,000 inactive cooperatives from a total of 14,668 registered cooperatives nationwide, said Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar.
Wan Junaidi said the Cooperatives Commission of Malaysia (CCM) would assist these cooperatives by providing them guidance and financial aid to help them to resuscitate their businesses.
“Some cooperatives did not submit full reports on their movements, including in terms of management. Efforts to help these inactive cooperatives are important because some are still in business but have not submitted a report,” he told reporters after presenting assistance to cooperatives in a ceremony held at Universiti Sains Malaysia Hospital in Kubang Kerian, here today.
Also present were Medac secretary-general Datuk Suriani Ahmad, CCM chairman Datuk Nordin Salleh and Kelantan Industry, Trade, Investment and Entrepreneur Development committee chairman Datuk Hanifa Ahmad.
Wan Junaidi presented CCM’s revolving fund aid and financial aid under the cooperatives aid fund worth RM4.09 million to 17 cooperatives in Kelantan. – Bernama
