Special Micro Credit Loans for Micro Businesses

Most often micro business people have tremendous difficulties in securing micro loans as they do not have collateral or guarantors. Many fall victims to loan sharks or are indebted to pawn shop dealers.

The Ministry of Finance has made special provisions to assist micro business people with micro loans of RM3,000 for the first loan, RM5, 000 for the second and RM 10, 000 for the third.

According to Datuk Dr Denison Jayasooria, YSS, Ministry of Finance officials invited YSS officers for a briefing and gave the details. While the project is yet to be launched they have given ‘the go ahead’ to secure the name list. We were told that if we can find a 1,000 genuine micro business people fulfil the requirement, there is an undertaking that they will be able to secure the first loan sometime early this year.

Some requirements highlighted:

• The individual must have a household income of below RM1,000.
  
• The person could be involved in business such as selling vadai or tailoring from the house or even someone who is just interested to start a micro business.
  
• The micro loan is for the purpose for undertaking or expanding ones business.
  
• The repayments must be made on a monthly basis.
  
• The fund is administered by Amanah Ikthiar Malaysia.
  
• Loans are individually processed and while there is no interest charge.
• There is an administrative process fees.

This is an excellent project for single mothers who want the economic freedom through micro businesses. If we are able to identify the person with this need at the grassroots, then it would be a great assistance to enlarging the household income.

If we can collectively disseminate the information and identify the target group, Indian community would have access to RM3 million allocated for the Indian community in 2008. Let’s work together and each one find at least one person.

Download Form


source www.yss98.com ( MIC's social wing)

TIME TO ACT- ILP INTAKE 2008

Friends and concerned Malaysian Indians,

Now is the time to act…..Show that you are truly a concerned Indian by just spreading this news to all Indians via e-mail, sms, f2f (Friend to friend) or any other way possible.

ILP intake for July 2008 is open. Those with just a pass in SPM, at least 8D in Bahasa Malaysia and below 26 years of age can apply now.

Many engineering courses are offered at certificate level. Students can continue their studies in ADTEC or other higher institutes once they finish their studies successfully in ILP.

A load of benefits are provided here:

# Free Accommodation
# Free Meals
# RM100.00 per student as monthly allowance
# 70% practical 30% theory
# Full sports facility

ALL THESE ARE SPONSORED BY THE GOVERNMENT.

NO LOAN IS NEEDED.

YOU NEED NOT PAY ANYTHING BACK TO THE GOVERNMENT.

So please visit the JTM homepage (www.jtm.gov.my) for more details. You may buy the forms from the main post offices, nearby ILPs or can apply online.

You also can download the course detail from the homepage:

http://www.ilpkbpp.gov.my/index.ilp?id=kursus&view=panduan-kemasukan.

The advertisement was out on 13 March 08 newspapers and the closing date is 24^th April 2008.

Friends, for your information there are 21 ILPs all over Malaysia. Of these 21 ILPs, ILP Armugam Pillai in Nibong Tebal has allocated 30% places for our Indian community. But it is sad to note that even this 30 % quota is NOT taken up by our Indian youth. WHY? What is happening? Where are our poor students?

Please find them, motivate them and send them to ILPs to get into these technical studies.

CLICK FOR MORE INFO ABOUT ILP --> INDUSTRIAL TRAINING

Stop talking and act now!!!

Hope to see more Indian students in ILPs this term.

For more details, you may contact our members in ILPs.
# Mr. M. Ganesan (ILP Kepala Batas) : 012-6865008
# Mr. S. Saravanakumar (ILP Kepala Batas): 012-4112634
# Mr. Palani Saravanan (ILP Arumugam Pillai): 012-6368912
# Mr. Ramaiah (ILP Pasir Gudang): 017-7566110
# Mr. Munis (YSS – Penang): 016-4580750

source www.yss98.com ( MIC'S Social Wing)

(Submitted on 25th March 2008)

INDUSTRIAL TRAINING OPPORTUNITIES

Applications are now accepted for the July 2008 intake into the Industrial Training Institutes run by both the Ministry of Human Resources and the Ministry of Youth & Sports Youths. Those of you who have completed form 5 and have gotten their results can promptly apply. Therefore all Indian youths please take note and do not miss this yet another opportunity which is now made available to you.

Applications to the ILPs under Human Resource Ministry.

Applications can be send in from now till April 24th to ILP's. There are 21 Industrial Training Institutes (similar to the Arumugam Pillai ILP at Nibong Tebal) under the Ministry of Human Resources.

They offer 37 different types of courses at the certificate level.Yearly there are about 18,000 training opportunities. Of which Indians should secure at least 10% which is about 1,800. But we must apply in large numbers. Currently with an Indian minister heading the ministry, there would be greater emphasis placed to secure places for the Indian youths.

Of the 37 different courses the most popular are electrical, automotive, computer networking, printing and foundry. But there is a wide range and the 18 month training is hands on including 3 months of industrial placement. You may call call 04-595 6000 for details at Arumugam Pillai Industrial Training Institute. For general details and registration form you can visit the government website at www.jtm.gov.my or call the Ministry officials at Putrajaya 03-8886 5555.

We want to make sure that more Indians apply and grab the opportunities. Please send us a copy of your registration for follow up purposes to the address given below.

Applications to the IKBN under Youths & Sport Ministry

Applications can be made from now to IKBN. There are 14 institutions which provide similar courses to that of the ILPs. For details and registration please log on to www.kbs.gov.my. Applications to Private run Institutions funded by Economic Planning Unit (EPU), Prime Minister’s Department. Applications can also be made from now to selected private Institutions funded by the EPU.

These courses are specially designed to cater for students who have secured below average results in their SPM or have dropped out from the school system. There are total 410 places available and the courses are offered at level 1 and 2 for duration of one year. Interested students need to attach photocopy of their IC, Photocopy of PMR or SPM certificates and a passport size photos to our address mentioned below.

Government Provisions and Requirements

These are fully funded trainings. If selected, the young person will receive a full scholarship, which will provide FREE tuition and training, FREE food and accommodation and a monthly allowance of RM100.00.

Young Malaysian Indians who are between the ages 17 to 30 and who have an SPM with a minimum of three passes can apply. You must have passed at the SPM level BM, Maths and Science (Required for only ILP and IKBN). Even if you have better grades you can consider taking an Industrial training in a fully government funded institution.

YSS is therefore calling on young Indians to equip themselves with some technical skills and become skilled workers. There are now many options for employment in industry or self employment through micro entrepreneurship venture.Let us improve our capabilities, get into better paying jobs through the many free training opportunities provided by our Government agencies. These opportunities at the certificate level are very good opportunities to build up your potential and these will enable you to stand tall in Malaysian society.

Please feel free to visit YSS website at www.yss98.com or call one of the YSS officers for more details. Call YSS at 03-40415958.

Our Address:

YAYASAN STRATEGIK SOSIAL
TINGKAT 5 MENARA MANICKAVASAGAM
NO 1 JALAN RAHMAT, 50350

Further details please free to call the coordinators below:-
Mr. Param: 016-2651996
Mr. James Raj: 017-5518891 (Perak)
Mr. Muniswaran: 016-4580750 (Penang)
Mr. TH. Subra: 019-4176988 (Kedah)
Mr. K.A Gunah 012-2591632 (Johor & Negeri Sembilan)

source www.yss98.com ( MIC"S Social Wing)