The objective of the Narrowing Disparity SRI is to uplift low-income households irrespective of race and to develop market-friendly, transparent, needs and merit-based affirmative action to uplift Bumiputera SMEs. The lab developed initiatives to develop Bumiputera SMEs, promote wealth generation and uplifting low-income households so they are able to contribute to the economy.
As part of the implementation of the New Economic Model and its updated approach to affirmative action, TERAJU was established to lead, coordinate and drive Bumiputera economic participation and strengthen the Bumiputera development agenda.
- Uplifting low-income households
This programme is based on the National Economic Advisory Council's recommendations as part of a comprehensive plan to uplift low-income households, which account for 40 per cent of Malaysians, irrespective of race. Plans are already in place under the National Key Results Area (NKRAs) for Low-Income Households, Rural Basic Infrastructure and Education.
- High-performing Bumi SMEs (HPBS)
To roll out HPBS programme that will develop the next generation of world-class Bumiputera entrepreneurs across all 12 National Key Economic Areas (NKEAs) championed by TERAJU. SMEs need to scale up, accelerate their growth and must be able to compete in the open market, without heavy reliance on Government contracts.