Since 1999, the Government has been spending money through loan schemes to assist the Micro, Small and Medium Enterprises, MSMEs to develop businesses. Hence, it is vital for applicants of the Micro, Small and Medium Enterprises to understand that every loan given is a trust to carry out their businesses diligently so that the profit can be used to pay the loan and share with the new entrepreneurs.
Yang Berhormat Pehin Datu Singamanteri Retired Colonel Dato Seri Setia Doctor Awang Haji Mohammad Yasmin bin Haji Umar, Minister of Energy and Industry at the Prime Minister’s Office, stressed on the matter at the launch of the ‘StartUp Bootcamp’ Programme and Micro Credit Scheme, last night. The function took place at the Design and Technology Building in Anggrek Desa.
According to Yang Berhormat Pehin, the Government of His Majesty through the Ministry of Finance, in short and medium terms, is actively reviewing the establishment of a Special Bank for Micro, Small and Medium Enterprises, as a moving step to add financial facilities to entrepreneurs in the country. Darussalam Enterprise, DARE, Yang Berhormat Pehin added, is always committed to enhancing the level of entrepreneurs in the country including developing the Micro, Small and Medium Enterprises to be always relevant and sustainable.
The Startup Bootcamp Programme aims to expedite entrepreneurism’s acquisition of knowledge in establishing competitive enterprises, besides gaining experience in introducing as well as implementing innovative products and services. This 100-day programme is held thrice a year. Meanwhile, under the Micro Credit Scheme, Bank Islam Brunei Darussalam, BIBD, will provide loan schemes to local entrepreneurs who have business plans. The loan acts as a capital of at least 15 thousand dollars to open up a business.
Source: Radio Television Brunei