Kota Kinabalu: Chief Minister Datuk Seri Hajiji Noor launched the Sabah Youth Entrepreneur Jaya Scheme (Syabas) portal at Menara Kinabalu, Tuesday.
Syabas is the State Government’s new initiative introduced in the 2022 Budget to drive economic development and strengthen the potential of Sabah’s youths.
The programme is an initiative pioneered by Hajiji through the aspirations voiced by the younger generation to help the youths of Sabah develop existing businesses or start new businesses. The State Government allocated RM10 million for the Syabas programme to provide financial assistance to Sabah’s youth entrepreneurs.
Among the objectives of the Syabas programme is to help youths start a business after losing their jobs due to the Covid-19 pandemic, help youth entrepreneurs who have products to develop business operations and help build youth entrepreneurs to build an international network through export/import business activities to sustain the youths’ business.
The target of the programme is Sabah Bumiputera aged between 18 and 40. A fund for youths who want to start or grow their business in the form of small financial assistance.
The fund would be supervised by the Sabah Youth and Sports Ministry in collaboration with the Institute Kerjasama Kerajaan dan Rakyat (IKRAR).
Youth who want to get more information about Syabas including how to apply for the scheme can visit the website https://syabas.gov.my.
Also present at the ceremony were State Secretary Datuk Seri Safar Untong, Sabah Assistant Minister of Youth and Sports, Andi Muhammad Suryady Bandy, Permanent Secretary of the State Ministry of Youth and Sports, Mansur Asun and the President of the Sabah Youth Council Abqaree Fawwaz Abekan.
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
