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#Budget2020: RM445 Million Will Be Allocated To Help Bumiputera Entrepreneurship

The government aims to help Bumiputera businesses grow.

Cover image via Parlimen Malaysia & New Straits Times

Finance Minister Lim Guan Eng has announced that RM445 million is allocated to improve Bumiputera entrepreneurship

The government aims to improve access to financing, business premises preparation, and entrepreneurial training.

The total amount is divided between four different entrepreneurship bodies

Image for illustration purposes only.

Image via New Straits Times

RM150 million is allocated for all entrepreneurship and skills development programmes by Perbadanan Usahawan Nasional Berhad (PUNB).

Meanwhile, programmes to enhance marketing, packaging, and financial literacy through SME Corp will get a budget of RM75 million.

Another RM170 million will go towards financing access through Tekun Nasional, SME Bank, and Real Estate Investment Berhad (PHB).

Lastly, RM50 million will be directed to entrepreneurship programs under the Economic Affairs Ministry.

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Image via SAYS

Stay tuned for our overview story of the #Belanjawan2020!

Here are the other announcements from #Budget2020: