Industry Value Chain Development Programme – (PRiN)

Objectives

To contribute to the growing number of Bumiputera entrepreneurs in middle-class business in preparation for becoming a top entrepreneur and eventually a global player
To strengthen the participation of Bumiputera entrepreneurs throughout the industry value chain, and push them to a higher level to eventually become the small scale support for Top Entrepreneurs and form a niche market

Terms and Conditions

Basic terms

Malaysian citizen and Bumiputera
Aged between 21-60 years
Have gained enough experience / knowledge in the ventured business
Have a valid business registration (SSM)
Operate in a business premise
Have a license / permit / letter of authorization from the local authority (PBT)
Operate a full-time business
Engaged in a syariah compliance business
Not a MARA blacklisted individual
Able to contribute own capital of not less than 10% of the project cost

Specific Terms

A private limited (Sdn. Bhd.) company with Bumiputera status in which the Bumiputera equity / ownership must be at least 60%
Able to produce current Audited Financial Statements for three (3) consecutive years
Have never received any facilities under INTEP, Smart Auto or KPP or PITT programmes

Scope of Financing

Financing Limit

Financing Period

Guarantee / Collateral

Guarantee
One or more guarantors with a monthly fixed income of not less than 3% of the total financing applied

Or

Collateral
Land collateral with Forced Sale Value of at least 10% of the financing applied

Or

Fixed Deposits
Islamic fixed deposit (General Investment Account) based on 10% of the financing value

Or

Combination of all three
Financing to private limited (Sdn. Bhd.) company requires guarantee/ assurance of all the Board Members

Profit Rate

ONLINE APPLICATION