Welcome to Koperasi Suria Malaysia Berhad
Koperasi Suria Malaysia Berhad (B-6-0994) was established and incorporated on 13th October, 2011 with the aim of creating and nurturing a highly competitive Malaysian Indian society. The creation of KSMB was well received and supported with a generous seed-capital by YAB Prime Minister, Dato’ Sri Najib bin Tun Razak, to ensure the complete and effective participation of the Malaysian Indian community in the nation’s Economic Transformation Program (ETP). Koperasi Suria Malaysia Berhad effectively functions as the delivery and execution arm of the newly formed Indian Community ETP Unit that is led by YB Datuk Seri G. Palanivel and YB Datuk Seri Dr. S. Subramaniam. Koperasi Suria Malaysia Berhad will undertake this broad objective by providing micro-credit and facilitation services to urge spearhead the transformation and growth of small and medium businesses owned by Malaysian Indian entrepreneurs.
To date, Koperasi Suria Malaysia Berhad has championed several programs that are part of the overall national ETP. These are primarily the TUKAR program, which is focused on modernizing small retailers, and the ATOM program, which is the transformation of automotive workshops. In the near future, Koperasi Suria Malaysia Berhad will initiate similar programs to assist other businesses such as barber shops, tailor shops and florists. One of the key objectives of Koperasi Suria Malaysia Berhad is also to assist and encourage the development of Malaysian Indian women.
With its specific mandate focusing on Indian Community, Koperasi Suria Malaysia Berhad (KSMB) plays a key role in providing micro credit and facilitation services in the form of TUKAR and ATOM loan to spearhead the transformation and growth of small and medium sized businesses as per the guidelines drawn by the Ministry of Domestic Trade, Co-operatives and Consumerism (KPDNKK). This transformation programs help the owners to increase their competitiveness through adoption of modern technology and efficient management by streamlining the business processes, enhancing customer service quality and improving their cost effectiveness.» read more
The Economic Transformation Programme
The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020. Successful implementation of the ETP will see Malaysia’s economy undergo significant changes to resemble other developed nations. More than 3.3 million new jobs will be created by 2020, spread across the
country in urban and rural areas. The programme provides strong focus on a few key growth engines: the 12 National Key Economic Areas (NKEAs). These NKEAs are expected to make substantial contributions to Malaysia’s economic performance, and they will receive prioritized public investment and policy support. The ETP will be led by the private sector; the Government
will primarily play the role of a facilitator. Most of the funding will come from the private sector (92 percent) with public sector investment being used as a catalyst to spark private sector participation.