BizFunds - MARA

Business Fundings

MARA BUSINESS FINANCING SCHEME

Objective

This scheme is created in tandem with MARA’s desire to ensure that participation of Bumiputera entrepreneurs in the small and medium industries continues to grow.

Maximum Financing Rate: 6-7 per cent per annum contingent upon the amount of financing.
Maximum Tenure: 10 years
Maximum Financing: RM1million

The Agency: MARA

Eligibility Criteria

1. Malays or Bumiputeras aged between 18 to 60 years old are eligible to apply.
2. The company has the necessary licence, permit and approval letter from the various authorities to operate the business.
3. The owner's capital accounts for at least 10 per cent of the cost of the project.
4. The owner is managing the business on a full-time basis.

Purpose of Financing

Assets acquisition and working capital.

Eligible Sector and Types of Financing

1. General financing (RM250thousand).
2. Entrepreneur's establishment financing (RM250thousand).
3. Contracts financing (RM600thousand).
4. Professional business financing such as clinics and automotive service centre (RM250thousand).
5. Transportation financing such as public transport (RM250thousand).
6. Retailing such as mini-market financing (RM250thousand).
7. Franchise financing (RM1million).
8. Small business financing (RM10thousand).
9. Technical entrepreneurs financing (RM50thousand)
10. Contracts with fixed facilities financing (RM250thousand)

Contact
Majlis Amanah Rakyat (MARA)
Tel: 03-26915111
Fax: 03-26913620
Website: http://www.mara.gov.my