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The Ministry of Entrepreneur
and Co-operative Development (MECD) is the lead agency in
the development of Bumiputera entrepreneurs. The main
objectives of the Ministry are to provide a conducive
environment that will promote and assist the development of
entrepreneurs who are genuine, progressive, resilient and
competitive in all sectors; and to inculcate a culture of
entrepreneurship among the people of Malaysia.
The genesis of MECD goes back to 1974 with the establishment
of the Ministry for the Co-ordination of Public
Corporations, which became the Ministry of Prime Industries
(MPI) two years later. The MPI was responsible in monitoring
and co-ordinating the activities of public enterprises such
as Majlis Amanah Rakyat (MARA), the Urban Development
Authority (UDA) and the State Economic Development
Corporations (SEDCs).
In 1995 the Ministry of Entrepreneur Development (KPUn) was
set up to replace the MPI in order to focus and give
stronger emphasis on the development of Bumiputera
entrepreneurs towards accelerating the pursuit of a
Bumiputera Commercial and Industrial Community (BCIC).
A restructuring exercise involving KPUn in March 2004 saw
the adoption of a new name for the Ministry, hence the birth
of the Ministry of Entrepreneur and Co-operative
Development. Along with the rebranding exercise, the scope
of accountability for the Ministry was also expanded to
include the Co-operative Development Department (JPK), the
Co-operative College of Malaysia and Bank Rakyat.
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