Perlis Boosts Micro-Entrepreneur Financing to RM5,000, Extends Repayment Period

The Perlis state government is enhancing its support for micro-entrepreneurs by raising the financing scheme's ceiling to RM5,000 per eligible applicant, up from RM3,000. Additionally, the repayment period for this scheme has been extended from three to four years, providing entrepreneurs with improved financial flexibility. Menteri Besar Abu Bakar Hamzah stated that this proactive measure is a direct form of support for local business owners, offering them broader opportunities for planned, sustainable, and competitive business growth. He emphasized the significant value of small-scale businesses to family economies, job creation, and trade activities within the community. The initiative addresses a key challenge for micro-entrepreneurs: accessing financing that is easy, fast, and suitable for their business needs. The financing is offered without interest, with monthly repayments as low as RM104. The state government covers the interest costs as part of its commitment to empowering micro-entrepreneurs in Perlis. As an extra incentive, successful entrepreneurs demonstrating strong business performance may receive a matching grant of up to RM5,000 from Bank Muamalat, aiding further business expansion. The state government aims not only to provide financing but also to foster capacity building, marketing, networking, and sustainable growth opportunities for these entrepreneurs, ultimately hoping to see more Perlis entrepreneurs become stable, resilient, and capable of accessing wider markets.