How much has Budget 2022 allocated for Bumiputera development initiatives?

Question

Accepted Answer

Budget 2022 Allocates RM11.4 Billion for Bumiputera Development Initiatives

Budget 2022 has allocated a total of RM11.4 billion to support various Bumiputera development initiatives. A significant portion of this funding, specifically RM4.8 billion, is earmarked for capacity building and financial assistance programmes aimed at businesses operating under Perbadanan Usahawan Nasional Bhd (PUNB), TEKUN Nasional, and Dana Kemakmuran Bumiputera.
Funding for Business Support Programmes

The RM4.8 billion allocated within Budget 2022 is specifically designated for capacity building and funding programmes. These initiatives are designed to assist businesses under the purview of key agencies like Perbadanan Usahawan Nasional Bhd (PUNB), TEKUN Nasional, and Dana Kemakmuran Bumiputera. The aim is to enhance the capabilities and financial stability of Bumiputera entrepreneurs.
Prioritising Bumiputera Economic Empowerment

The government continues to prioritise the Bumiputera economic empowerment agenda through various stimulus packages and recovery plans. This strategic focus is intended to help Bumiputera entrepreneurs adapt to the "new normal," ensuring their competitiveness and success in contributing to the restoration of the national economy.
PUNB's Role in Entrepreneur Development

Prime Minister Datuk Seri Ismail Sabri Yaakob expressed confidence that the allocated funds will enable PUNB to strengthen its business development strategies. This effort is geared towards fostering resilient and progressive entrepreneurs who can contribute effectively to national economic growth. PUNB has also been commended for its role in assisting Bumiputera entrepreneurs through financing moratoriums and rental waivers from April 2020 to December 2021.
Embracing Technology and Innovation

The Prime Minister highlighted the importance of adopting the latest technologies to boost productivity, ensure business stability, and enhance competitiveness. He cited the example of Bateriku (M) Sdn Bhd, a PUNB-assisted company, which transitioned to a digital platform with its Bateriku.Com mobile app, thereby creating job opportunities through the gig economy. This underscores the need for creativity and innovation in product and service offerings to maintain brand presence and customer confidence in a challenging business environment.

Reading history

Hide →

This history is cleared when the page is closed.

How much has Budget 2022 allocated for Bumiputera development initiatives?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends