Special Business Financing Scheme for Women (DanaNITA)

Basic Terms

1. Malaysian citizen and Bumiputera
2. Aged between 18-60 years old.
3. Have gained enough experience/knowledge in the ventured business
4. Possess a valid business registration of Companies Commission Malaysia (CCM) or Suruhanjaya Syarikat Malaysia (SSM)
5. Operate in business premises (except for online businesses)
6. Have a license/permit/letter of authorization from the local authority (PBT)
7. Operate a full-time business
8. Have been operating the business for at least six (6) months
9. Possess active savings account for at least six (6) months
10. Engaged in a Syariah compliance business
11. Not a MARA blacklisted individual

The flexibility of Conditions:

1. 51% of shareholders must be of women majority

2. Registered under the Companies Commission Malaysia (SSM)/ Possess valid licenses (applicable in Sabah and Sarawak for financing of RM50,000.00 and below

3. Exempted from permit / letter of authorization from the local authority (PBT) for financing of RM50,000.00 and below

4. Exempted from
renovation quotation / Purchase of Machinery & Equipment for financing of RM50,000.00 and below

5. Bank Account Statement for a period of three (3) months (Online statement is accepted)

6. Grace period of repayment up to 12 months