FINANCING SCHEME FINANCING SCHEME

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  1. MARA Entrepreneur Guarantee Scheme (MEGS)

This scheme is a collaboration between MARA and Bank Rakyat that offers financing facilities with MARA acting as guarantor.

Financing Facility

  • Working capital
  • Assets
  • Project / contract funding

Applicant Eligibility

For private limited Bumiputera company :-

  • Business has begun its operation and received Audited Financial Statements for at least two (2) years, and is profitable for the past 2 years
  • Paid-up capital of at least 20% of total funding
  • Satisfactory business credit status based on BMC / CCRIS / RAM credit report
  • Meets the requirements set by Bank Rakyat

For Bumiputera sole proprietorship or partnership company :-

  • Business has begun its operation and received Audited Financial Statements for at least two (2) years, and is profitable for the past 2 years
  • A minimum sales record of RM500,000.00 per year
  • Able to present the latest 6-month bank statement
  • Satisfactory business credit status based on BMC / CCRIS / RAM credit report Meets the requirements set by Bank Rakyat                       

Funding Limits

  • Sole Proprietorship / Partnership :-
  • RM200,000.00 to RM500,000.00
  • Private Limited Company :-
  • RM200,000.00 to RM2,000,000.00

Collateral / Guarantee

  • Subject to the conditions set by Bank Rakyat

Guarantee Fee

  • 1% per annum of the guarantee amount (including 6% GST)

How to Apply

  • Applications can be submitted either to Business Financing Division, the nearest MARA State / MARA District Office or directly to Bank Rakyat

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