The Ministry of Entrepreneur and Cooperative Development (KUSKOP) has launched two festive financing programmes totalling RM80 million to support micro-entrepreneurs nationwide. The schemes aim to improve access to working capital ahead of Ramadan, Aidilfitri and Chinese New Year celebrations.
These financing options are called Skim Biaya Ramadan Perniagaan Rakyat (BARAKAT) and Program Pembiayaan Khas Perusahaan Mikro Milikan Cina (BERKAT). They are delivered by TEKUN Nasional and SME Corp Malaysia, with clear application routes for eligible traders.
Source: BERNAMA – Allocation For SPUMI Funds Increased To RM50 Million This Year – Steven Sim
Skim Biaya Ramadan Perniagaan Rakyat (BARAKAT)
What it is
The BARAKAT scheme is specifically for small traders and Malay micro-entrepreneurs, especially those involved in selling and doing business in markets and Ramadan bazaars, as working capital.
The rate charged is only three per cent. It is hoped that with this financing, we will help small entrepreneurs, especially during the month of Ramadan, as working capital, restock inventory and promote their business,” KUSKOP Minister said at a media conference regarding the announcement of the two schemes.
- A RM50 million allocation for financial schemes from KUSKOP.
- Designed to help micro and small traders prepare for Ramadan and Aidilfitri.
- Supports food and beverage sellers, clothing retailers, and goods traders.
How Much You Can Apply For
- Up to RM30,000 per eligible micro-entrepreneur.
- Profit Rate 3% per year.
- Repayment Term Up to 12 months.
Where to Apply
- Applicants submit through TEKUN Nasional channels.
- Contact your nearest TEKUN branch office or check the online application page on TEKUN Nasional’s official website, tekun.gov.my
Who Can Apply
- Existing micro-businesses that need seasonal capital.
- Traders in markets, bazaars, food stalls, or retail.
Program Pembiayaan Khas Perusahaan Mikro Milikan Cina (BERKAT)
What it is
Regarding BERKAT, KUSKOP Minister Steven Sim said the scheme aims to expand access to financing for Chinese-owned micro companies through a peer-to-peer (P2P) financing platform that offers invoice and working capital financing of up to RM30,000.
“The total funds of RM30 million specifically for micro and small Chinese entrepreneurs also give special attention to those involved in the Chinese New Year business segments and the food sector.
“I hope that with the existence of these two schemes, especially for micro and small entrepreneurs, we can help Malaysian traders align with KUSKOP’s vision to strengthen Malaysian businesses by supporting the ministry’s ‘ABCD’ strategy, which refers to productivity (A), simplified bureaucracy (B), access to capital (C) and market access (D),” he said.
- A RM30 million allocation under SME Corp Malaysia.
- Targeted at Chinese-owned micro and small enterprises ahead of the Chinese New Year.
How Much You Can Apply For
- Up to RM30,000 per eligible applicant.
- Profit Rate 3% per year.
- Repayment Term Up to 24 months.
Where to Apply
- Applications are submitted through an authorised Peer-to-Peer (P2P) financing platform such as CapBay.
- CapBay manages BERKAT loans on behalf of SME Corp. Malaysia
Steps to Apply via CapBay (BERKAT)
- Complete the online application form on CapBay’s BERKAT page.
- Upload required documents (business registration, NRIC, bank statements).
- CapBay reviews and notifies you. Funds can be disbursed once approved.
Eligibility Points (Typical)
- Registered with the Companies Commission of Malaysia (SSM).
- At least 51% Malaysian Chinese ownership.
- A micro or small enterprise as defined by SME standards.
KUSKOP Financial Schemes Comparison Overview
| Scheme | Allocation | Max Financing | Profit Rate | Where to Apply |
| BARAKAT | RM50 million | RM30,000 | 3% p.a. | TEKUN Nasional |
| BERKAT | RM30 million | RM30,000 | 3% p.a. | P2P platform (CapBay) |
Required Documents for an Entrepreneur to Provide:
For both schemes, you typically need:
- Valid business registration (SSM)
- National ID (NRIC)
- Bank statements (last 3–6 months)
- Any other supporting business documents listed by the lender.
Contacts & Where to Get Help
TEKUN Nasional (BARAKAT)
Visit the TEKUN website for branch details and application forms at tekun.gov.my
CapBay (P2P platform for BERKAT)
Visit the CapBay BERKAT page for application details, eligibility criteria and support. Official announcements and updates on application windows are shared on the government, SME Corp Malaysia or TEKUN Nasional websites.
How to Apply for BARAKAT Checklist (RM50 M Ramadan Financing)
1. Prepare Your Documents
- Completed TEKUN financing application form (available at TEKUN offices or via online inquiry).
- Your National ID (NRIC) – front and back.
- Business registration documents (SSM) or relevant permit/license.
- If you operate without a permit, a business confirmation letter from community leaders (MPUKP/JPKK, etc.) is accepted.
2. Visit a TEKUN Nasional Branch
- Go to a regional TEKUN Nasional office nearest to your business location.
- Submit your completed form and documents.
3. Assessment & Approval
- TEKUN reviews your application and business details.
- Approval usually depends on your business activity, documentation, and eligibility.
- Once approved, you receive notification.
4. Receive Funds
- After approval, financing funds (up to RM30,000) are provided.
Tips Before You Apply
- Check that your business is active throughout Ramadan.
- Bring supporting income documents if available.
- Ask TEKUN staff for the exact checklist for BARAKAT applications.
How to Apply for BERKAT Checklist (RM30 M Chinese New Year Financing)
1. Gather Required Documentation
• Your National ID (NRIC) – front and back.
• Company SSM registration and business profile.
• Latest 6 months’ bank statements.
• Company stamp (if applicable).
2. Start Your Online Application
• Visit the CapBay BERKAT application portal.
• Click “Apply Now” and fill in your basic business details.
• Upload all required documents as instructed.
3. Application Review
• CapBay and SME Corp. Malaysia evaluate your submission.
• This usually takes 5–7 working days.
4. Offer & Acceptance
• You receive a Letter of Offer once approved.
• Review terms and accept digitally.
5. Fund Disbursement
• After acceptance, funds are credited to your business account in about 2 business days.
6. Early Application Tip
• BERKAT has a limited allocation and is first-come, first-served.
Contacts & Support for Applications
TEKUN Nasional (BARAKAT)
• Visit a local branch for application forms and submission.
• Main Office Contact (General TEKUN enquiries): +603-9059 8888, email info@tekun.gov.my.
CapBay (BERKAT Support)
• WhatsApp: +6018-282-8624
• Office Line: +6015-4600 0942
• Email: support@capbay.com
• Apply online at the CapBay BERKAT portal.
Quick Application Tips
- Double-check all documents before submitting.
- For BARAKAT, confirm whether local permits or SSM are needed for your business type. Via tekun.gov.my FAQs
- Apply early for BERKAT before funds run out.
- Keep copies of your bank statements handy.
Conclusion: Govt Support for Micro-Entrepreneurs This 2026 Festive Season
The KUSKOP RM80 Million Festive Financing initiative brings practical support to micro-entrepreneurs ahead of major festive seasons. Through the BARAKAT and BERKAT schemes, eligible traders can access up to RM30,000 each with a low 3% profit rate and flexible terms suited to short-term working capital needs.
BARAKAT financing helps small Malay traders boost stock, manage cash flow, and meet increased demand during Ramadan and Aidilfitri. Meanwhile, the BERKAT programme extends support to Chinese-owned micro enterprises preparing for the Chinese New Year, with funds distributed via a regulated peer-to-peer platform.
Both schemes strengthen access to finance and reduce barriers that many micro businesses face. They align with KUSKOP’s goal to improve productivity, simplify bureaucracy, increase capital access and expand market reach for entrepreneurs across Malaysia.
For micro-entrepreneurs ready to grow their business this festive season, it is important to gather all required documents early, choose the correct application route, and apply promptly to take full advantage of these funding opportunities.
