What specific entrepreneurial programmes does MARA plan with the RM1 billion?

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MARA Seeks RM1 Billion for Nationwide Entrepreneurial Development Programmes

Majlis Amanah Rakyat (MARA) has formally requested a RM1 billion allocation from the Malaysian government through Budget 2023 to implement a broad spectrum of entrepreneurial programmes across the nation. The primary objective of these initiatives is to enhance the competitiveness of Bumiputera entrepreneurs, with the allocated funds earmarked for comprehensive support encompassing training, digitalisation grants, and essential marketing and advisory services.
Support for Bumiputera Entrepreneurs

The proposed RM1 billion fund is specifically designated to assist Bumiputera entrepreneurs through a multi-faceted approach. This includes providing crucial training to upskill participants, offering digitalisation grants to facilitate technological adoption, and delivering vital marketing and advisory services to strengthen business operations and market reach. This broad support aims to cultivate a more robust and competitive entrepreneurial ecosystem for Bumiputera individuals.
Existing and Proposed Initiatives

In addition to the RM1 billion request, MARA has already committed approximately RM450 million this year to support entrepreneurs. Furthermore, the agency is advocating for an increased allocation for DanaNITA, the Special Business Financing Scheme for Women, with the aim of assisting around 30,000 women entrepreneurs. To bolster these efforts, MARA has established a dedicated committee and a centre at Universiti Kuala Lumpur focused on empowering women through targeted training and advisory services.
Regional Focus and Investment

Beyond national initiatives, MARA has demonstrated a commitment to regional development. In Negri Sembilan, for instance, an allocation of RM960,000 has been earmarked for entrepreneurship development, benefiting 305 individuals through training facilities, business enhancement, and digitalisation programmes. Complementing this, over RM40 million has been designated for funding facilities for 330 entrepreneurs in the state, alongside RM360,000 for educational development impacting 1,105 students as of last month.

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What specific entrepreneurial programmes does MARA plan with the RM1 billion?

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