KUALA LUMPUR: Two special financing programmes worth RM80mil have been introduced to boost Bumiputera and Chinese micro-businesses during upcoming festive seasons. The Entrepreneur Development and Cooperatives Ministry announced the People’s Ramadan Business Financing Scheme (Barakat) and the Special Financing Programme for Chinese-Owned Micro Enterprises (Berkat). Sim noted that this scheme is expected to benefit small traders in the food, clothing, and daily necessities sectors ahead of Aidilfitri. Meanwhile, the Berkat programme also offers financing of up to RM30,000 at a 3% profit rate per annum for each individual. The minister added that financing for the Berkat programme will be channelled through the Peer-to-Peer (P2P) platform CapBay.

Source: The Star February 05, 2026 06:47 UTC