Ismail launches SEMy2030 to boost capability of social enterprises

 

Prime Minister Ismail Sabri Yaakob looking at goods on display during the launch of the Social Entrepreneurship Action Framework 2030 in Kuala Lumpur today. (Bernama pic)

KUALA LUMPUR: The newly launched Social Entrepreneurship Action Framework 2030 (SEMy2030) provides a new national direction for the development of social entrepreneurship in Malaysia, says Prime Minister Ismail Sabri Yaakob.

He said it gives focus to the development of an effective regulatory and governance framework to ensure social enterprises operate with responsibility and accountability, apart from building the confidence of the people and the private sector.

The prime minister said SEMy2030 outlined five objectives in line with the aspirations, strategies and initiatives set out under the Shared Prosperity Vision 2030, National Entrepreneurship Policy 2030 and 12th Malaysia Plan.

“To ensure the realisation of its objectives and policy targets, SEMy2030 has developed five strategic thrusts, 20 strategies and 45 initiatives.

“SEMy2030 has also set new descriptions for more inclusive enterprises in line with the characteristics of social enterprises at the global level,” he added.

He said this when launching SEMy2030 here today. Also present was entrepreneur development and cooperatives minister Noh Omar.

The framework, developed by the ministry, provides the basis for developing a comprehensive and conducive ecosystem to support the growth of social entrepreneurship in the country.

“This plan also outlines initiatives for enhancing awareness, reach and inculcation of a social entrepreneurship concept that is competitive and impactful to improve the livelihood of society.

“To ensure social enterprises can expand and be competitive, SEMy2030 also outlines targeted strategies for enhancing the capability and competency of social enterprises.”

He said this included providing more structured training on the adaptation of technology and digitalisation, widening access to financing and financial support, and providing access to the domestic and international markets.

Ismail said the government would also review and upgrade the framework for registration and accreditation of existing social enterprises to enable them to get wider access to aid and more opportunities to grow. - FMT