MALAYSIA RECOGNISED AS MOST SUCCESSFUL IN HELPING THE POOR

PEKAN, Pahang State, Malaysia, Apr 15 (NNN-BERNAMA) – Malaysia is recognised as the most successful nation in helping the poor and low-income group, through the various policies carried out by the government.

Prime Minister Najib Tun Razak said, the policies were consistently implemented since the administration of the second prime minister, the late Razak Hussein, who was his father, with the creation of the Federal Land Development Authority (Felda).

He said, this was followed by the setting up of various agencies such as Felcra, Majlis Amanah Rakyat (MARA), Tekun Nasional (Tekun), and Amanah Ikhtiar Malaysia (AIM) in 1987, which were among the channels for these groups, to change their life style.

“As a government, I uphold the principles and philosophy which represented the continuity of my father’s struggles, which mooted the New Economic Policy, as the prime mover for rural development.

As his son, I certainly want to see that the platform that had been initiated continue until today, till all that my late father had dreamed of and became his inspiration and ambition became a reality, he said.

He said this, when officiating the Assembly of the Usahawan Amanah Ikhtiar (AIM) Malaysia, at the Pekan parliamentary constituency level, here today.

He said, as a result of the aid and credit provided by AIM since its formation, a total of 726,891 borrowers had received the benefits, involving a total credit of RM 19.2 billion.

The national poverty rate had, in terms of absolute figure, dropped to zero, while the relative poverty rate dropped 3.8 percent in 2009, to 0.4 percent in 2016.

He said, there had been many examples of the successes of AIM entrepreneurs nationwide, including a housewife who started as a chicken seller but had become a successful entrepreneur owning numerous assets.

“She succeeded because of the assistance provided by AIM, this is an example that can be used as an inspiration for Sahabat AIM, to succeed and raise their standard of living,” he said.

Meanwhile, at the function, Najib also announced an additional special allocation to AIM, amounting to RM 100 million this year, to raise the limit of financing for the I-Sejahtera loan from RM 10,000 to RM 15,000.

Source: NAM News Network