Rasah MP Tuan Cha Kee Chin asked the Minister of Domestic Trade and Consumer Affairs to state the initiatives by the Companies Commission of Malaysia (SSM) in helping individuals in the B40 group who are affected due to the COVID-19 pandemic to restore their businesses following the reopening of the economic sector as well as how the Budget 2022 could benefit this group.
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According to Minister of Domestic Trade and Consumer Affairs Dato Sri Alexander Nanta Linggi, the Caring Business Registration Scheme (SPPP) was established to assist the B40 group whose income is impacted by COVID-19.
The program also encourages full-time students in higher education institutions to register businesses and explore potential fields. Moreover, the scheme enables B40s to legally enter the business world and apply for grants under Budget2022 initiatives.
SSM records a total of 21,397 SPPP applications under the Business Registration Act 1956 as of October 31, 2021.
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