Latest news with #TekunNasional
Daily Express
04-07-2025
- Business
- Daily Express
Tekun channels RM43.7 million to 2,213 Sabah entrepreneurs
Published on: Friday, July 04, 2025 Published on: Fri, Jul 04, 2025 Text Size: Ewon said the amount involved eight financing schemes for micro-entrepreneurs and contractors, with the Kontrak-i Financing Scheme receiving the highest allocation this year. Kota Kinabalu: The National Entrepreneurial Group Economic Fund (Tekun Nasional) has channelled RM43.71 million to 2,213 entrepreneurs in Sabah through various financing schemes in the first five months of this year. Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick said the amount involved eight financing schemes for micro-entrepreneurs and contractors, with the Kontrak-i Financing Scheme receiving the highest allocation this year. Advertisement For this year alone, an allocation of RM71.28 million had been set aside for the Kontrak-i Financing Scheme, the top-funded financing scheme, he said in a statement, Thursday. Ewon said other financing schemes include Tekun Niaga, the Craft Entrepreneur Financing Scheme, the Tekun Online Financing Scheme, the Technical and Vocational Education and Training (TVET) Entrepreneur Financing Scheme, the Teman Tekun Scheme, the Usahawan Tamu Financing Scheme (SPUT) and the Indian Community Entrepreneur Development Scheme. He said RM2.05 million was channelled to 408 entrepreneurs under SPUT from January to May, while RM228,000 was disbursed to 17 craft entrepreneurs under the Craft Entrepreneur Financing Scheme. Ewon added that RM1.07 million was channelled to 36 applicants under the TVET Financing Scheme, which recorded an encouraging response. 'Under the SPUT scheme introduced in 2023, Tekun has disbursed RM13.76 million to 3,050 entrepreneurs in Sabah and Sarawak as of May this year,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
03-07-2025
- Business
- Daily Express
Eight Tekun financing schemes available for micro-entrepreneurs
Published on: Thursday, July 03, 2025 Published on: Thu, Jul 03, 2025 Text Size: KOTA KINABALU: Sabah Tekun Nasional is offering eight financing schemes for micro-entrepreneurs and contractors, with the Contract-i Financing Scheme receiving the highest allocation this year. Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick ( pic ) said RM71.28 million has been allocated for the Kontrak-i scheme alone in 2025. He said Tekun Nasional, under his ministry, provides microfinancing for micro, small and medium enterprises (MSMEs) nationwide. From January to May this year, RM43.71 million was disbursed to 2,213 entrepreneurs in Sabah through various schemes, including the newly introduced SPUT, TVET and Craft Entrepreneur schemes. Ewon encouraged more micro and small entrepreneurs to contact Tekun offices nationwide to learn about available financing opportunities. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
25-06-2025
- Business
- Daily Express
RM1.1 billion given out to 66,000 Sabah entrepreneurs. Tamus more than trading place: Ewon
Published on: Wednesday, June 25, 2025 Published on: Wed, Jun 25, 2025 By: Lorena Binisol Text Size: Ewon launching the Tekun Madani Karnival in Tamu Inobong. PENAMPANG: Minister of Entrepreneurship and Cooperatives Development, Datuk Ewon Benedick, launched the Tekun Carnival at Tamu Ground, Kampung Inobong. Ewon expressed his appreciation to the management of Tekun Nasional, especially its Chairman Dato' Abdullah Sani bin Abdul Hamid, for agreeing to hold the mini carnival in Kampung Inobong, within his parliamentary constituency. He said community-led programmes like carnivals that are not merely economic or cultural events, rather, a reflection of the nation's aspiration to holistically develop rural communities; economically, socially, and culturally in line with the Malaysia Madani vision introduced by the Prime Minister. 'Tekun Nasional, under my agency (Kuskop), provides micro-financing to Micro, Small and Medium Enterprises (MSMEs). 'It is highly popular among small entrepreneurs seeking capital to grow their businesses. 'Since its establishment in 1998, Tekun had played a vital role in developing micro-entrepreneurs nationwide. Besides capital financing, the agency also offers business opportunities, guidance, support services, and a network for entrepreneurs,' said Ewon. Advertisement He said as of April 2025, Tekun had disbursed RM10.31 billion to 598,969 entrepreneurs across the country. 'In Sabah alone, RM1.18 billion had been distributed to 65,939 entrepreneurs. Within the Penampang parliamentary, RM36 million has been channelled to 1,730 entrepreneurs during the same period. 'This support would help entrepreneurs grow their businesses and indirectly creates job opportunities for the surrounding community,' Ewon added. He said events like the mini carnival are excellent examples of how economic development can be integrated with the cultural identity of the people of Sabah. 'For the Kadazan Dusun and other indigenous communities, the Tamu is more than just a trading space. It is a place to meet, exchange ideas, and strengthen community bonds.' Ewon also shared that since the scheme was introduced, a total of RM7.5 million has been allocated to 1,809 entrepreneurs in Sabah, particularly small traders and vendors operating in Tamu markets. He emphasised that strengthening the ecosystem with digital payment systems, modern packaging, online market access, and cooperative support would not only boost the economy but also help preserve cultural heritage for future generations. To date, five major Tekun Madani Carnivals had been successfully held across Malaysia; namely in Sabah, Selangor, and Penang, where it generated RM5.8 million in sales. He said the success was made possible through strategic collaboration with TikTok Shop Malaysia, which expanded digital marketing opportunities for entrepreneurs. Meanwhile, Ewon also said the Tekun Madani Carnival, held for the first time in Kota Belud at Kadamaian Square Hall, Taginambur, was another successful milestone. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malay Mail
14-06-2025
- Business
- Malay Mail
Tekun: RM23m in financing disbursed to 879 Indian entrepreneurs as of May 1
IPOH, June 14 — The National Entrepreneurial Group Economic Fund (Tekun Nasional) has disbursed RM23 million in financing to 879 Indian entrepreneurs across the country as of May 1 this year. Senior private secretary to Deputy Entrepreneur Development and Cooperatives Minister, Datuk B. Anbumani, said the government provided the allocation under the SPUMI (Indian Community Entrepreneur Development Scheme) Goes Big financing scheme, benefiting 137 recipients, adding that another 742 Indian entrepreneurs received funding through the Tekun SPUMI scheme. 'In addition to Tekun financing, many other initiatives under the Entrepreneur Development and Cooperatives Ministry (Kuskop) have been rolled out this year, aimed at boosting the economic development of the Indian community. 'Therefore, the Indian community must make the most of the platforms provided by the government, as their economic well-being is crucial. Kuskop remains committed to supporting Indian entrepreneurs by offering various financing opportunities to help them grow their businesses,' he said. He said this today on behalf of the Entrepreneur Development and Cooperatives Deputy Minister, Datuk Seri R. Ramanan, after the Vanakam Madani engagement session with Perak Indian entrepreneurs here. Anbumani said that these entrepreneurs are selling sarees, providing transportation services, running restaurants or retail outlets, and are involved in online ventures, among other things. — Bernama
New Straits Times
13-06-2025
- Business
- New Straits Times
New RM50 million revenue-based financing launched for MSMEs
KUALA LUMPUR: Dattel Asia Group, in collaboration with OHSEM360, has launched a RM50 million revenue-based financing (RBF) programme designed to provide flexible, data-driven financing solutions for micro, small, and medium enterprises (MSMEs). This innovative model allows businesses to repay financing based on a percentage of their monthly revenue, offering a more adaptable and cash flow-friendly alternative to traditional fixed repayments. The programme is facilitated through the smart platform where MSMEs can apply and be digitally assessed using real-time business performance data collected from various sources such as e-commerce platforms, QR Pay, and gig economy services. This approach leverages data and AI technology to better match financing terms with the actual sales performance of participating businesses. The launch was officiated by Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick at the World Trade Centre Kuala Lumpur yesterday. Speaking at the event, Ewon highlighted the critical need for MSMEs to rapidly adopt modern technology to remain competitive in today's fast-paced market environment. He noted that technology is evolving faster than expected, and entrepreneurs can no longer afford to operate using traditional methods; instead, they must embrace and integrate technology to stay relevant and competitive. He said this inclusive and innovative financing initiative underscores the need for new solutions to improve MSMEs' access to capital. "This revenue-based financing model gives MSMEs the space to grow without the burden of fixed repayment commitments. It is a clear example of how technology, data, and alternative financing can be combined to deliver real impact for entrepreneurs. "I believe the alternative financing approach introduced by Dattel Asia Group will open up greater opportunities for entrepreneurs to access capital markets and become more competitive in the digital era. "The ministry welcomes Dattel Asia Group's ambition and fully supports any private sector efforts to diversify financing options that will strengthen the MSME business ecosystem and further drive national entrepreneurship development," he added. Ewon also said that in an effort to empower MSMEs to become more competitive, innovative, and resilient in both domestic and international markets, the ministry has introduced a variety of targeted financing initiatives. These efforts, through SME Corporation Malaysia, include the Digital Financing Programme and Bumiputera MSMEs Financing Initiative. In addition, the ministry, via Tekun Nasional. provides accessible micro-financing ranging from RM1,000 to RM100,000 to help entrepreneurs grow and expand their businesses. For entrepreneurs seeking financing above RM100,000 and who have a strong repayment track record, Tekun Nasional also collaborates with financial institutions such as Bank Rakyat and SME Bank to support their larger capital needs. Other agencies under the ministry, including SME Bank, Pernas, and Bank Rakyat, also offer a range of financing products tailored to the needs of MSMEs requiring working capital to scale and strengthen their business operations. The initiative is supported by a strong network of financing partners, including Xin Finance, Funding Bee, Funding Societies and Choco Up. These partners offer collateral-free financing solutions that are tailored to the actual sales performance of businesses. By using data-driven credit assessments, they can provide fast approvals, giving MSMEs access to capital that grows with their revenue and helps reduce repayment pressure during periods of low cash flow. Complementing the financing layer is a robust ecosystem of platform partners that enable seamless data integration and performance tracking. These include Bayarlah (Beez Fintech) for QR Pay solutions, GoFluence, an AI-driven influencer marketing platform, and leading e-commerce platforms such as Lazada, TikTok Shop, Shopee, and EasyStore. Dattel Asia Group chief executive officer Ashran Ghazi highlighted the transformative role of data and technology in unlocking new opportunities for entrepreneurs. He underscored how platforms like powered by data and AI, are enabling more businesses, especially those previously underserved by traditional financing models, to access capital and gain valuable insights for smarter decision-making. "Entrepreneurs should not be penalised simply because they do not meet the benchmarks of traditional financing. With data and AI, we can unlock their real potential. "We are honoured to see strong participation from financing and platform partners in this ecosystem. It proves that the private sector can collaborate meaningfully with the government to drive large-scale impact for MSMEs."
