Financing funds for Bumiputera and Indian entrepreneurs will rise in 2026, with a new RM50 million scheme for Chinese micro-businesses also launched
PUTRAJAYA: The government will increase financing allocations for Bumiputera, Indian, and Chinese micro-entrepreneurs next year.
Entrepreneur and Cooperative Development Minister Steven Sim announced the Bumiputera financing fund under TEKUN Nasional will be raised to RM500 million in 2026, up from RM300 million this year.
Financing for Indian entrepreneurs under the SPUMI scheme will also increase from RM30 million to RM50 million.
A new RM50 million financing scheme for micro-enterprises within the Chinese community will be launched in January 2026.
Sim said the increases aim to empower micro, small and medium enterprises (PMKS) and cooperatives across all communities.
He also announced a six-month interest-free moratorium for PMKS and cooperatives affected by floods.
The moratorium covers loans from seven agencies under the Ministry of Entrepreneur and Cooperative Development (KUSKOP).
Sim outlined a strategy to focus KUSKOP’s efforts on an “ABCD” approach to business growth.
This involves accelerating productivity, reducing bureaucracy, improving capital access, and developing market access.
He said his recent change of portfolio in the Cabinet should not be viewed as a demotion.
“For me, the issue of ‘downgrade’ or ‘upgrade’ does not arise,” Sim stated.
“What matters most is our focus… on making Malaysian businesses great.”
The minister was speaking after a briefing on his first day leading KUSKOP in Putrajaya. – Bernama
