Which specific Tekun Nasional programmes exceeded their allocated funds?

Question

Accepted Answer

Tekun Nasional Programmes Exceeded Funding Allocations

According to the Auditor-General's Report (LKAN) 2022, several Tekun Nasional programmes channelled funds to entrepreneurs beyond their allocated budgets. Specifically, the Tekun — Bumiputera programme exceeded its allocation by RM174.63 million. The Indian Community Entrepreneur Development Scheme (SPUMI) also saw its funds exceed the allocated amount by RM10.44 million. Additionally, the Tekun Mobilepreneur 4.0 initiative surpassed its allocation by RM4.06 million.
Tekun — Bumiputera Programme's Significant Over-allocation

The Tekun — Bumiputera programme experienced the most substantial over-allocation, with funds distributed exceeding its designated budget by RM174.63 million. This indicates a significant discrepancy between the planned financial distribution and the actual amounts disbursed under this particular initiative.
SPUMI and Tekun Mobilepreneur 4.0 Also Exceeded Allocations

Beyond the Tekun — Bumiputera programme, the Indian Community Entrepreneur Development Scheme (SPUMI) also operated beyond its financial limits, with an excess of RM10.44 million. Similarly, the Tekun Mobilepreneur 4.0 programme exceeded its allocated funds by RM4.06 million, pointing to a broader pattern of financial overspending across multiple schemes.
Context of Fund Distribution

These over-allocations occurred within the broader context of Tekun Nasional's fund management. As of December 31, 2021, a total of RM395 million had been received for 11 programmes. While funds for two programmes, the Micro Sector Business Recovery Financing Scheme (CBRM) 2.0 and the Informal Financing Scheme (SPIN 2.0), were channelled according to allocations, three programmes, including the aforementioned SPUMI and Tekun Mobilepreneur 4.0, along with Tekun — Bumiputera, exceeded their limits.

Reading history

Hide →

This history is cleared when the page is closed.

Which specific Tekun Nasional programmes exceeded their allocated funds?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends