KUALA LUMPUR: Bumiputra and Chinese small business ­owners can seek microloans of up to RM30,000 each, from a total allocation of RM80mil, to boost their businesses during the upcoming festive seasons, says Steven Sim. The Entrepreneur Development and Cooperatives Minister said the allocation was part of two new financing schemes, namely, the People’s Ramadan Business Financing Scheme (Barakat) and the Special Financing Programme for Chinese-Owned Micro Enter­prises (Berkat). “Barakat is aimed at small and micro businesses, especially Malay entrepreneurs who ope­rate at markets and Ramadan bazaars. — RAJA FAISAL HISHAN/The Star“We hope that with this finan­cing, we will be able to help our small entrepreneurs, especially during Ramadan, for their wor­king capital. Meanwhile, Berkat is a special business festival financing programme for Chinese entrepreneurs in conjunction with the Chinese New Year, said Sim.

Source: The Star February 06, 2026 04:30 UTC