PUTRAJAYA: A whopping RM20mil has been injected to revive sports businesses affected by the Covid-19 pandemic under a new Sports Industry Financing Scheme. He was confident that the scheme would benefit over 4,200 sports and recreational industry entrepreneurs, especially owners and operators of facilities and premises registered under the Covid-19 Intelligent Management System (CIMS 3.0) developed by the Ministry of International Trade and Industry (MITI). “Through this scheme, industry players and entrepreneurs can apply for funding from a minimum of RM1,000 to a maximum of RM500,000 based on the conditions set, ” said Reezal. “I really hope that sports and recreational industry entrepreneurs out there will use this opportunity to revive their business development strategies.”The new scheme will be jointly implemented with National Entrepreneur Group Economic Fund (TEKUN Nasional) and Bank Rakyat. More information on the details, conditions and how to apply for the scheme can be obtained via www.tekun.gov.my as well as www.irakyat.com.my.

Source: The Star March 12, 2021 00:22 UTC