TEKUN National Bumiputera Financing Fund Increased To RM1 Billion - Sim

BANGI, May 12 (Bernama) -- The Bumiputera financing fund under the National Entrepreneurial Group Economic Fund (TEKUN Nasional) has been increased from RM500 million to RM1 billion, said Entrepreneur and Cooperatives Development Minister Steven Sim.

He said the government decided to increase the financing amount after the encouraging response to the scheme, which was previously increased from RM300 million to RM500 million.

“This is part of the PowerUp 10K KUSKOP (Ministry of Entrepreneur and Cooperatives Development) effort to boost Malaysian businesses.

“We want more fund injections into the micro, small and medium enterprises (MSMEs) sector as well as TEKUN Nasional which are among the important agencies under KUSKOP,” he said.

He told reporters after the TEKUN Nasional 2026 Appreciation Ceremony here yesterday.

Sim said the increased funding is expected to help entrepreneurs expand their businesses and face various global crises that affect the sector.

“With this RM1 billion, we will not only be able to help entrepreneurs face geopolitical and geoeconomic challenges but also help them to further expand their businesses,” he said.

The PowerUp 10K initiative implemented by KUSKOP aims to help MSMEs increase their businesses in the face of global uncertainty.

Sim previously said the government had allocated funding of up to RM15 billion into the market to support the scaling up of about 10,000 MSME companies in line with efforts to empower the people's economy.

In the same development, he also said that the government is expected to channel the entire fund (RM15 billion) through agencies under KUSKOP in 2026 to benefit 400,000 entrepreneurs and cooperatives nationwide.

He said TEKUN Nasional would also be empowered through the large allocation so that it could continue to play an important role in the agenda to empower the country's MSMEs.

"From Jan1  to April 30 this year, TEKUN Nasional has channelled around RM360 million to almost 20,000 MSME entrepreneurs," he said.

At the event, Sim also celebrated the dedication and contributions of TEKUN Nasional members in empowering businesses in Malaysia.

A total of five categories of awards were presented to 247 recipients, namely the Jasamu Dikenang Award, the Loyal Service Award, the Excellent Service Award, the TEKUN Excellence Award and the Achievement Award 2025.

Also present were TEKUN nasional chairman Datuk Abdullah Sani Abdul Hamid, Deputy Minister of KUSKOP Datuk Mohamad Alamin and secretary-general of KUSKOP Datuk Seri Khairul Dzaimee Daud.

-- BERNAMA