Mara sets aside RM15mil to foster growth of automotive entrepreneurs

KUALA NERUS: Majlis Amanah Rakyat (Mara) allocated RM15 million for the Mara-Petronas Automotive Entrepreneur Development programme from 2022 until this year.

Mara chairman Datuk Dr Asyraf Wajdi Dusuki said the allocation benefited 35 entrepreneurs of 46 vehicle service centres nationwide.

"This success is encouraging and has a high impact when the sales value of entrepreneurs under the programme reached RM50 million, offering 320 job opportunities for the residents,” he said at the launch of the Kuala Nerus outlet of RS Auto Technology Sdn Bhd here on Monday.

RS Auto Technology is a participant of the programme.

Also present was Petronas Lubricants Marketing (Malaysia) Sdn Bhd chief executive officer Mohd Zameer Zahur Hussain.

Asyraf Wajdi said the programme covers entrepreneurship training, business financing, advisory services and periodic monitoring by Mara and Petronas.

He said Mara also aims to set up 25 more such vehicle service centre outlets this year.

He said RM2.5 million has been allocated for Terengganu to help seven automotive entrepreneurs open up vehicle service centres.

He said that RS Auto Technology Sdn Bhd was one of the businesses on the east coast to have received a RM500,000 Mara loan for renovation works to make its workshop more organised and competitive.