How much funding can bumiputera individuals receive from PUNB for business ventures?

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Bumiputera Individuals Can Access RM50,000 to RM100,000 in Financing from PUNB

Bumiputera individuals can receive financing ranging from RM50,000 to RM100,000 from Perbadanan Usahawan Nasional Bhd (PUNB). This financial support is provided through the Covid-19 Affected Entrepreneur Financing Scheme (SPUR), specifically designed to assist bumiputera individuals in establishing or expanding their business ventures.
Eligibility and Scheme Details

The SPUR scheme targets bumiputera individuals aged between 18 and 45 who have faced retrenchment due to the Covid-19 pandemic and intend to start a business or already own a business registered after March 2020. The financing can be allocated for essential business needs such as working capital, and the acquisition of equipment and machinery required for operational activities.
Favourable Financing Terms

Entrepreneurs participating in the SPUR scheme benefit from a competitive profit rate of 3.5 per cent per annum, calculated on the monthly balance. The repayment period extends up to five years and six months. Furthermore, recipients are granted an automatic six-month payment deferral, commencing from the date the funds are disbursed, offering an initial grace period for financial management.
Entrepreneurial Development and Incentives

Beyond financial aid, the scheme offers comprehensive support to enhance entrepreneurial capabilities. Successful applicants have the opportunity to attend courses and training sessions focused on critical areas such as financial management, marketing strategies, corporate governance, and general business administration. Additionally, PUNB provides access to its owned business premises for rent at competitive rates, and a rebate of up to 50 per cent of the total financing is available for entrepreneurs who demonstrate consistent and timely payments.

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How much funding can bumiputera individuals receive from PUNB for business ventures?

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