KUALA LUMPUR: Cooperatives with poor repayment records will be barred from receiving new financing, Parliament was told. Deputy Entrepreneur and Cooperatives Development Minister Datuk Mohamad Alamin said the move is intended to ensure public funds are managed responsibly and benefit all cooperative members. Mohamad said that in 2025, 66 cooperatives received financing under the Malaysia Cooperative Societies Commission’s Revolving Capital Fund (TMP-SKM), totalling RM75.32mil. He said 78 cooperatives benefited from business development assistance grants totalling RM8.59mil, aimed at supporting working capital and the purchase of business assets. He added that some cooperatives have become overly reliant on government assistance and incentives, without making serious efforts to grow their businesses.

Source: The Star February 11, 2026 16:05 UTC