How Tekun Nasional, ministry have helped businesses overcome crisis, grow
Three entrepreneurs share how the agency’s financing and guidance has helped them overcome challenges and continue operations.
Tekun Nasional, an agency under the Entrepreneur Development and Cooperatives Ministry, has played a crucial role in helping businesses overcome crises and achieve growth in Malaysia. The Tekun Online Application System, launched on August 7, enables financing applications to be processed entirely online, with approvals obtained within 24 hours.
Former military captain Norisham Kadmin, who ventured into the batik industry with RM500 capital in 2010, received RM100,000 in financing from Tekun in 2023, which helped sustain his struggling business. Another entrepreneur, R Samanan, a managing director of Vision Automotive Technology Sdn Bhd, received RM50,000 and later RM80,000 from Tekun to expand his company's operations.
Neuronworks International Serantau Bhd's CEO, Rizal Rashid, credited Tekun for helping him navigate setbacks and grow his company, which has trained over 70,000 individuals. All three entrepreneurs expressed appreciation for the agency's measures to improve access to financing, including the launch of the Tekun Online Application System, which has streamlined the application process and reduced approval times.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- How Tekun Nasional, ministry have helped businesses overcome crisis, grow freemalaysiatoday.com
