How much financing has Tekun Nasional disbursed since 1998?

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Tekun Nasional Has Disbursed RM9.44 Billion in Financing Since 1998

Tekun Nasional has provided a total of RM9.44 billion in business financing to 581,697 entrepreneurs from its establishment in 1998 up to May of the current year. This significant disbursement underscores the agency's long-standing commitment to supporting entrepreneurial ventures across the nation. The figures were announced by the Entrepreneur Development and Cooperatives Minister, Datuk Ewon Benedick.
Cumulative Financing Disbursed

Since its inception in 1998, Tekun Nasional has cumulatively disbursed RM9.44 billion. This substantial financial support has reached a total of 581,697 entrepreneurs, reflecting a broad impact on small and micro-businesses over more than two decades. The data covers the period up to May of the present year.
Annual Allocation Targets

For the current year, Tekun Nasional has set a target to allocate RM800 million to support approximately 45,670 informal and micro-entrepreneurs nationwide. This allocation comprises RM470 million from the agency's internal funds, including RM30 million specifically for the Empowerment Financing Scheme (SPUMI Goes Big). Additionally, the government has allocated RM330 million to Tekun Nasional through Budget 2024.
Historical Context and Establishment

The foundation of Tekun Nasional traces back to 1998, with an initial allocation of RM150 million. This funding was earmarked for its establishment and nationwide operations, following the success of a pioneering project at Universiti Sains Malaysia (USM) during a period when Prime Minister Datuk Seri Anwar Ibrahim served as Finance Minister. The agency's establishment was a strategic move to foster entrepreneurial growth.
Role of Tekun Madani Carnival

The Tekun Madani Carnival serves as a key platform for Tekun Nasional to offer opportunities for informal and micro-entrepreneurs, as well as its collaborative partners. This event facilitates enhanced market presence and enables face-to-face engagement regarding the latest entrepreneurial and cooperative initiatives. These include various training programs, grants, and financing products offered by the Ministry of Entrepreneur Development and Cooperatives (Kuskop) and its affiliated agencies.

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How much financing has Tekun Nasional disbursed since 1998?

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