SKM Prepared To Assist Cooperatives Set Up Retail Shops Under Tukar Programme

KOTA BAHARU, Aug 27 (Bernama) -- The Malaysian Cooperative Commission (SKM) is providing assistance of up to RM50,000 for renovation works and collateral-free loan and up to RM50,000 as working capital for cooperatives in Kelantan that are interested to set up retail shops.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=690065
Published: August 28, 2012

SKM state director Wan Mohamad Sabri Wan Harun said the assistance encompasses renovation of business premises such as signages, store racks, computers and air-conditioning, and the interest for the loan is at two per cent.

Speaking to Bernama here Monday, he said the Ministry of Domestic Trade, Cooperative and Consumerism has targeted to establish 14 cooperative retail shops under the Retail Shop Transformation Programme (Tukar) in the state this year.

To date, he said there are seven retail shops owned by cooperatives that are involved in the Tukar project in Kelantan.

The cooperatives are Koperasi Kakitangan Penjara Bhd, Koperasi Institut Pendidikan Guru Bhd, Koperasi Felda Kemahang (II), Koperasi Gerak Niaga Gua Musang, Koperasi Kampung Pasir Parit Chetok Bhd, Koperasi Pemandu Kereta Sewa Pasir Mas Bhd and Koperasi Pengguna Kelantan Bhd.

-- BERNAMA