ARTICLE

Insight

Powering Entrepreneurship

RM1.8 billion will be provided through various agencies such as TEKUN, Agrobank, BSN, Bank Rakyat and Bank Negara Malaysia.

  • TEKUN to introduce financing scheme for microenterprises and the informal sector at zero % interest for a maximum loan amount of up to RM10,000, with a moratorium period of up to 12 months. 
  • BSN and Agrobank to offer micro credit loans of up toRM75,000 at a zero % interest rate for the first six months tenure, with a six-month moratorium.
  • RM20 million allocate to help expand the i-TEKAD social finance programme.

 

RM80 million allocation in matching grants for the Malaysia Co-investment Fund and RM100 million investment by BPMB to support equity crowdfunding and peer-to-peer lending platforms.

 

RM2.1 billion will be allocated to support equity and quasi-equity investment schemes.

 

RM14.2 billion worth of funds will be available in 2022 for SMEs, through SME Bank, PUNB, BPMB, AgroBank, MIDF, and MARA as well as through BNM's Funds for SMEs.

 

At least RM3 billion injection of additional funds through a government-owned SPV in the form of equity instruments or other related instruments to assist companies listed on the Bursa Exchange affected by the COVID-19.

 

RM25 million allocated to the Halal Development Corporation for Micro, Small & Medium Enterprises (MSMEs) halal product digital branding and marketability programme.

 

RM5 billion collective allocation initiative by GLCs to help entrepreneurs through initiatives such as consultation services and financial support.

 

RM230 million funding for women entrepreneurs through BSN, Agrobank, the DANANITA (MARA) and TEKUNITA (TEKUN) programmes.

 

RM 10 million allocated as a start-up capital for Waqf SME Halal, Agriculture Waqf and Disaster Waqf initiatives.

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Author(s)

Abdussalam Shokhawi
Executive Director,


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