BNM Fund for SMEs: Micro Enterprises Facility (MEF)

Collateral-free micro-financing of up to RM50,000 for micro businesses and self-employed people, including gig workers.

Run by

Bank Negara Malaysia (via participating financial institutions)

Funding

Up to MYR 50,000

Up to RM50,000 under Skim Pembiayaan Mikro; no collateral; tenure up to 7 years; rate set by the bank

Who can apply

• Micro enterprise (including social enterprise) or self-employed individual such as a digital-platform gig worker or iTEKAD participant
• For micro enterprises, Malaysian residing in Malaysia holding at least 51% of shares
• Subject to the bank's credit assessment

How to apply

Apply directly to a participating bank offering Skim Pembiayaan Mikro.

Last checked

2026-10-11

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