Objective

To assist entrepreneur to expand their business.

Scope

Working capital, construction or renovation of premises and purchase of equipment.

Target Group

Existing and new Sarawak Bumiputera entrepreneurs with valid trading license in the Agro, food based, retailing, handicraft and services sector.

Eligibility

1. Entrepreneurs with a valid trade
2. Experienced and full-time in business
3. At least 6 months in business
4. Potential business proposal and to pitch at EDP Committee (for new start-up).
5. Annual sale turnover maximum RM250,000.00.
6. Eligibility for 20% Grant (Upgrading loan Skim Niaga Perdana) - Good track record (payment according to schedule/ payment ahead of schedule) and business in operation
7. CTOS or CCRIS report

Loan Limit

• Amounting from RM11,000.00 to RM50,000.00 per application
• Cumulative amount RM100,000.00

Interest Rate

2% per annum

Period of Loan

Maximum 60 months

Guarantor/ Security

One (1) person or collateral (landed property)

CLICK HERE TO APPLY!