{"id":9244,"date":"2020-04-07T06:24:29","date_gmt":"2020-04-07T06:24:29","guid":{"rendered":"http:\/\/rakansarawak.com\/webv\/?p=9226"},"modified":"2020-04-07T06:24:29","modified_gmt":"2020-04-07T06:24:29","slug":"sarawak-micro-credit-scheme-open-for-application","status":"publish","type":"post","link":"https:\/\/www2.rakansarawak.com\/?p=9244","title":{"rendered":"Sarawak Micro Credit Scheme Open for Application"},"content":{"rendered":"

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The Sarawak Micro Credit Scheme (SKMS) is open for Sarawakians, both Bumiputera and non-Bumiputeras, residing and operating their businesses in Sarawak<\/em><\/p>\n

Beginning 1st<\/sup> April 2020, small and medium enterprises (SMEs) are now able to apply for the Sarawak Micro Credit Scheme (SKMS).<\/p>\n

The scheme is open for Sarawakians, both Bumiputera and non-Bumiputeras, residing and operating their businesses in Sarawak.<\/p>\n

The scheme was introduced by the Sarawak government in 2019 as a mean to provide financial assistance to entrepreneurs for their business\u2019s expansion and diversification.<\/p>\n

For the scheme, the State government has set aside RM30 million for the implementation of SKMS.<\/p>\n

However, due to the current Covid-19 situation, the State government has agreed to add in RM20 million under the recently announced Sarawakku Sayang Special Package.<\/p>\n

The scheme is divided into SKMS I and SKMS II where the first provides loans or financing of RM1,000 to RM10,000 with no interest or profit rate to entrepreneurs from the B40 (low income group).<\/p>\n

SMKS II on the other hand provides loan or financing of RM5,000 to RM50,000 with interest or profit rates of four percent based on the reduced monthly balance to small-scale and micro-entrepreneurs.<\/p>\n

Those interest in applying may download the application form at www.mintred.sarawak.gov.my, or www.sedc.com.my.<\/p>\n

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