MAICCI Head, Hemala Suggests Green Financing for Women Entrepreneurs in Malaysian Budget 2025
By: WE Staff | Tuesday, 15 October 2024
The Women's Wing of the Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI) suggested crucial initiatives in order to empower Indian women entrepreneurs in the upcoming Budget 2025. The list of key suggestions comprises the introduction of Green Financing Options that focus on sustainable and environment-friendly projects. Green Financing will offer financial support to women entrepreneurs who venture into eco-friendly projects such as sustainable supply chains and waste management systems, MAICCI further suggested offering subsidies for trade fairs and mentorship on exporting to women entrepreneurs.
MAICCI Head, Hemala shared her key suggestion for Budget 2025 and mentioned, "We need support to integrate eco-friendly practices into business. Green financing could be a key enabler." She added, "This type of financing is essential as it aligns economic growth with environmental conservation and long-term sustainability goals."
Hemala stated that Green Financing is a more economical process to offer funds, incentives, and grants in order to improve eco-friendly practices in supply chain and waste management projects. She said that women entrepreneurs need digital skill training to adapt online marketplace efficiently for their businesses to flourish. In addition to this, the establishment of incubation centers, and affordable childcare support for women entrepreneurs should be prioritized where they can receive mentorship and networking opportunities along with balancing their personal and professional lives.