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Prime Minister Anwar Ibrahim has committed to increasing budget allocations for Amanah Ikhtiar Malaysia, a microfinance institution supporting low-income families and women entrepreneurs, as part of the government's economic empowerment agenda.
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TEKUN Nasional is piloting a 24-hour approval process for financing below RM20,000, aiming to launch within two to three months. The initiative supports MSMEs needing quick access to working capital.
Malaysia is channelling RM9.8 billion through six major financial institutions to expand microfinance availability for small traders and hawkers, part of a grassroots initiative to ensure inclusive economic growth.