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Want To Be Your Own Boss? Budget 2022 Is Here To Help You Kickstart Your Business And More


Bajet2022 Header 2
Source: iStock & SG Magazine

It’s inspiring to see our fellow Malaysians achieving success merely by following their passion and doing what they love. Though many of us wish to do the same, it’s hard when you don’t have the capital to do so. It’s also disheartening when you’ve already started your business and still making a loss.

Fortunately, Budget 2022 has a comprehensive list of incentives and financial aid, which includes helping current and aspiring entrepreneurs to grow!

Chris Pratt Andy

Here’s how it works:


1. If you’re getting started, this is your moment!

For those looking to dip their toes in the industry, the government is hosting a number of financial programmes to help get your business off the ground and running.


Be your Own Boss

Bajet2022 Boss

PERNAS (Perbadanan Nasional Berhad) will provide financing of up to 90% or RM500,000 at a very competitive rate, to encourage people to become entrepreneurs via the franchise system:

  • Maximum financing RM500,000
  • 0% rate for the first 6 months
  • 6-month moratorium


Semarak Niaga Keluarga Malaysia – TEKUN Microcredit

03 Budget2022Eng F2 S1 Sn

The Informal and Micro Financing Scheme under TEKUN will offer loans, with priority given to informal and micro sector traders (emphasis on traders) with the following financing terms:

  • Loan rate: 4%
  • Moratorium: 6 months
  • Amount: Up to RM100,000
  • Tenure: Up to 5 years


Semarak Niaga Keluarga Malaysia– Financing Scheme Programme – Skim Pembiayaan Informal dan Mikro (SPIM)

02 Budget2022Eng F2 S1 Sn

Offering loans with priority given to informal and micro-businesses with these financing terms:

  • Loan rate: 0%
  • Moratorium facility: Up to 12 months
  • Amount: Up to RM10,000
  • Tenure: Up to 5 years (including moratorium)


BSN & Agrobank Financing for Youth Entrepreneurs

Bajet2022 Youths

This financing plan by BSN (Bank Simpanan Nasional) and Agrobank is specifically targeted at youth entrepreneurs, created to facilitate youths that plan to venture into entrepreneurship


MyKasih Capital Programme

13 Budget2022Eng F1 S2 Br

MyKasih is aimed at stay-at-home moms or women who want to earn extra income to support the family, including 2,000 single mums. Basic business capital will be provided to help jumpstart their business, as well as guidance and training to venture into online businesses.


2. Existing start-ups will receive some help too

MyStartup strategy

12 Budget2022Eng F2 S2 Je

The government is allotting RM20 million to create 5,000 job opportunities in over 2,500 companies. This is to facilitate the restoration and build-up of economic resilience of startups, in addition to creating a centralised support system for these businesses.



12 Budget2022Eng F1 S2 Br

This funding programme by MARA (Majlis Amanah Rakyat) is created to support women entrepreneurs, particularly those affected by COVID-19. The government has allotted RM230 million for this initiative.


3. Your food truck dreams are finally coming true!

Micro Financing-i ME2

Bajet2022 Food Truck

Hawkers and small traders can now request loans with a 0% interest rate to upgrade their businesses to food trucks, or buy carts, trailers or tri-wheels – this includes window dressing and special equipment or machine costs too! Just a heads up that there’s a 1% rate for management cost for the collection of repayment from the borrower, yeah?

Management cost at the rate of 1% on the collection of repayment from the borrower.

  • Food truck: RM60,000 – RM100,000
  • Food cart/Trailer: RM40,000 – RM60,000
  • Tricycle/Tri-Wheel: RM20,000 – RM40,000

And that’s all there is to the start-up business aspect!

However, there is so much more to Budget 2022 that’s beneficial to netizens in every possible way!

Want to find out what other benefits you’re eligible for? Check out the Budget 2022 website so you don’t miss anything! Let’s make full use of our government’s help (thanks, guys!) to make 2022 the start of a new hope.


Source: Tenor GIF
Source: The Star
Source: iStock
Source: Vulcan Post

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