RM5,000 TO RM50,000 LOANS FROM KEMENTERIAN BELIA DAN SUKAN

(This email was forwarded by a friend of mine - thanks R..)


Weblink : http://www.mpeb.gov.my/PortalTEB/skim.php


Dear All,

We are pleased to inform you that Kementerian Belia dan Sukan (KBS) is providing business loans ranging from RM5,000 to RM50,000 to youths. The repayment period for the loans is up to seven years.

To be eligible for the loans you must be a residing Malaysian citizen between the age of 18 to 40. All applicants must first register with Majlis Penggalakan Ekonomi Belia via online portal at www.mpeb.gov. my or by filling the forms manually, which can be downloaded from the above portal.

Applicants must pass a preliminary test and attend courses on Basic Business Foundation and Business Planning Guidance before qualifying to receive the loan forms. The Application process for the loans will take approximately 2 1/2 months. For further terms and conditions, please visit the ministry's website
at www.mpeb.gov. my

The preliminary test and courses are conducted weekly in every State Jabatan Belia dan Sukan Negeri. There are two types of schemes offered namely Skim Belia Niaga (SBN) and Skim Belia
Tani (SBT).

Some of the types of businesses under the SBN are hair dressing saloon, beauty & spa, car wash, motorcar/cycle workshop, photography/ video, mini market, restaurant etc.

For SBT are vegetables/fruits/ flower farming, fresh water fish/ prawn, breading of cows/goats/quills etc.

KBS has appointed and entrusted Bank Kerjasama Rakyat and Bank Pertanian Malaysia to administrate the SBN and SBT loans respectively on their behalf.

Should you require any further information, please contact 03 8871 3333 or any of the State Jabatan Belia dan Sukan Negeri or the Malaysian Associated Indian Chambers of Commerce & Industry
at 03 2171 2616 or any of our 13 State Chambers.


Thank you and best regards.
“TOGETHER WE ACHIEVE EXCELLENCE”

Yours in MAICCI,

S. Rengasamy
Hon. Secretary General, MAICCI)