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Micro Enterprises Facility (MEF)

This RM500 million Facility is aimed at supporting micro enterprises including gig workers on digital platforms and the self-employed. The Facility is for working capital and capital expenditure.

Eligibility criteria
  • Micro enterprises* that meet the definition approved by the National Entrepreneur and SME Development Council (NESDC); or
  • Malaysian micro entrepreneurs including self-employed individuals, gig workers on digital platforms and participants of the iTEKAD programme
The financing shall be offered under the Skim Pembiayaan Mikro, with no collateral. Please apply directly from participating financial institutions (PFIs) under the Skim Pembiayaan Mikro.
Purpose of financing
  • Working capital; and/or
  • Capital Expenditure

Note: Financing should be used for business purposes and cannot be used for refinancing of existing credit/financing facilities.

Financing SizeUp to RM50,000 per micro enterprise / entrepreneur
Financing RateDetermined by PFIs
Tenure Up to 5 years
Application procedureSubmit application directly to PFIs and approval will be subject to the credit assessment of PFIs

Read more details here.

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