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youth business scheme

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Financial Assistance

Bank Kerjasama Rakyat Malaysia Berhad:

Youth Business Scheme

Objective
To assist youth to venture into business on full time basis.

Maximum tenure : up to 7 years

Minimum financing : RM5,000

Maximum financing : RM50,000

Participating financial institutions/Implementing Ministry/Agency
Bank Kerjasama Rakyat Malaysia Berhad

Eligibility criteria

  • Individual Malaysian citizen aged between 18-40 years old

  • Must register online as an applicant through the Portal of 'Majlis Penggalakan Ekonomi Belia (MPEB)'-www.mpeb.gov.my

  • Pass the screening test conducted by Ministry of Youth and Sport

  • No adverse record with financial institutions

Purpose of financing

  • Expansion in productive capacity

  • Working capital

Eligible sector / Types of financing

  • Manufacturing,Services,ICT business

  • Kiosk, food stalls, night market, petty traders

Application procedure
Application to be submitted to MPEB

Contact
Kementerian Belia dan Sukan Malaysia
Menara KBS, Presint 4
Pusat Pentadbiran Putrajaya
62570 Putrajaya
Tel :   03-8871 3333
Faks : 03-8888 8761
Laman web : www.mpeb.gov.my

Bank Kerjasama Rakyat Malaysia Berhad (BKRMB)
Bangunan Bank Rakyat
Jalan Tangsi
Peti Surat 11024
50732 Kuala Lumpur
Tel : 03-2612 9600
Fax : 03-2612 9655
Website : www.bankrakyat.com.my

 
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