According to Prime Minister, Datuk Seri Ismail Sabri Yaakob, a new Malaysian Social Entrepreneurship Blueprint 2030 (SEMy2030) has been established to help social enterprises gain access to training programmes, financial assistance and other tools needed to be competent.
Ismail Sabri said that, unlike the cooperatives sector or micro, small and medium enterprises (MSMEs), the development of social entrepreneurship in Malaysia is still in its infancy and needs a solid development framework.
He said key elements like having a regulatory framework, financial infrastructure and financial safety net are still not available although social entrepreneurial activities are now gaining attention and seen as an important element in addressing socio-economic problems.
He explained that the SEMy2030, which was developed by the Entrepreneur Development and Cooperatives Ministry, would provide a new national direction for the development of social entrepreneurship in Malaysia.
The blueprint is an effective regulatory and governance framework that will help ensure social enterprises operate with responsibility and accountability, and at the same time build confidence in the public and private sector.
Ismail Sabri said he hoped to see social enterprises recognised as important contributors in developing a prosperous, inclusive and sustainable Malaysia in 2030.
-NIAGATIMES
