Technical Entrepreneur Development Programme (PUTEK)
Objectives
- To create new entrepreneurs in the technical field based on their existing skills
Terms and Conditions
Basic Terms
- Malaysian citizen and Bumiputera
- Aged between 18-60 years
- Have a valid business registration (SSM)
- Operate in a business site / premise / workshop
- Have a license / permit / letter of authorization from the local authority (PBT)
- Operate a full-time business
- Have been operating the business for at least six (6) months but not more than five (5) years
- Engaged in a syariah compliance business
- Not a MARA blacklisted individual
Specific Terms
- Have a Degree / Diploma / Certificate in technical skills from IPMA / public or private technical institutions
Scope of Financing
- Revolving capital (new application / entrepreneur only)
- Purchase of machinery and equipment Inclusive of :
- 60% financing
- 40% grants (for good creditors)
Financing Period
Purchase of machinery and equipment
- Minimum: RM3,000.00
- Maximum:RM500,000.00
Revolving capital
- 3 months @ 20% of machine and equipment financing approval with a maximum of RM50,000 or whichever is lower
Financing Period
1-5 years @ 12-60 months
Guarantee / Collateral
None
Profit Rate
0%
Majlis Amanah Rakyat (MARA)
21, Jalan MARA
50609 Kuala Lumpur
MARA Hotline : 03-26132000
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