Description
This specialized initiative empowers Bumiputera youth to launch careers in the franchise, pre-franchise, and licensing sectors. The program provides a comprehensive success roadmap, including business matching and financing assistance, paired with structured training and six months of expert mentoring following your business launch.
Eligibility Criteria
Franchisee / Pre-Franchisee / Licensee
- Partcipant must be within 21 years old-40 years old (man&women) ;
- The major shareholder(s) must be youth and hold a minimum of 60% shares in the company;
- Entrepreneur is the owner/operator;
- Franchisor/Master Franchisee must be registered with Registrar of Franchise (ROF);
- 100% equity owned by bumiputera;
- Financing application through Sendirian Berhad (Sdn.Bhd) company is for financing up to RM500,000. However, financing application by Sole-proprietorship, partnership, Limited Liability Partnership (LLP) are limited up toRM250,000. only;
- Letter of Offer from franchisor, pre-franchisor on licensor has been obtained;
- The business must be syariah compliant; and
- Customer must have good credit record and subject to Pernas credit criteria.
- Customer must at least have 6 months experience in business (online/off line business.
Financing Structure
Financing Mode
Islamic Financing (Tawarruq Concept)
Financing Amount
Up to RM500,000
Financing Margin
Up to 80% from total project cost
Profit Rate
Up to 9% p.a. on reducing balance profit calculation
Financing Tenure
Based on franchise/pre-franchise/licensing terms agreement
Apply Now
Applications can be made by clicking the link below: