Tekun Nasional boosts Malaysian businesses with faster loans
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In Malaysia, Tekun Nasional, an agency under the ministry of entrepreneur development and cooperatives, has helped business owners overcome financial difficulties and grow their companies.
Norisham Kadmin, a former military captain and owner of Batik House Sdn Bhd, received RM100,000 from Tekun in 2023 when his business faced collapse from fires, floods, and the Covid-19 pandemic. He also benefited from courses and expos offered by the agency.
R Samanan, managing director of Vision Automotive Technology Sdn Bhd, used RM50,000 in Tekun financing in 2013 to expand his workshop, followed by another RM80,000 in 2017 to purchase property. Rizal Rashid, founder of Neuronworks International Serantau Bhd, received RM150,000 in financing after observing Tekun’s positive impact on other entrepreneurs, allowing him to train over 70,000 people.
Recent improvements include the Tekun Online Application System, launched in August 2026, which allows for financing approval within 24 hours for loans up to RM20,000. The government also increased funding for Bumiputera entrepreneurs to RM1 billion and for the Indian Community Entrepreneur Development Scheme (Spumi) to RM120 million this year, demonstrating a commitment to broad-based support.
