Sarawak approves RM25 mln in soft loans to boost youth-led businesses

By Dayangku Hidayatul KUCHING, Oct 20: The Sarawak government has approved RM25 million in soft loans to help youth-led businesses expand, strengthen operational capacity and improve market competitiveness. Minister of Sports, Youth and Entrepreneur Development Dato Sri Abdul Karim Rahman Hamzah said the initiative complements the RM1.6 million allocation under the SYStartup Grant this year, which supports young entrepreneurs in establishing, developing and expanding their businesses. “In…

DayakDaily Dayangku Hidayatul · News & blogs · 1 hr ago

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Abdul Karim also highlighted the achievements of the Sarawak United National Youth Organisation (SABERKAS), which engaged more than 10,000 youths and community members through its Sports Carnival (KASUS), involving 42 branches as of September 2026.
Other initiatives included the SABERKAS Prihatin programme involving 39 branches, leadership and human capital development programmes, as well as activities by its Women’s Bureau.
On drug prevention, he said the Malaysian Drug Prevention Association (PEMADAM) Sarawak conducted 98 programmes involving nearly 50,000 participants from January to October this year, covering awareness, early intervention and community engagement.

Sentences selected automatically from the original article by DayakDaily.

KUCHING, Oct 20: The Sarawak government has approved RM25 million in soft loans to help youth-led businesses expand, strengthen operational capacity and improve market competitiveness.

Minister of Sports, Youth and Entrepreneur Development Dato Sri Abdul Karim Rahman Hamzah said the initiative complements the RM1.6 million allocation under the SYStartup Grant this year, which supports young entrepreneurs in establishing, developing and expanding their businesses.

“In addition, RM25 million has been approved under the soft loan initiative to facilitate business expansion, enhance operational capacity and strengthen market competitiveness among youth-led enterprises,” he said during his ministerial winding-up speech at the Sarawak Legislative Assembly (DUS) sitting today.

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Published: October 20, 2026 at 5:53 AM UTC
By: Dayangku Hidayatul
Format: Article
Original: dayakdaily.com ↗

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DayakDaily Sarawak approves RM25 mln in soft loans to boost youth-led businesses (this story)

Sarawak approves RM25 mln in soft loans to boost youth-led businesses

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