{"version":"1","article":{"id":"malaysia-allocates-rm30-million-for-deepavali-small-business-financing","slug":"malaysia-allocates-rm30-million-for-deepavali-small-business-financing","language":"en","url":"https://haberpaper.com/en/news/malaysia-allocates-rm30-million-for-deepavali-small-business-financing","api_url":"https://haberpaper.com/api/v1/articles/malaysia-allocates-rm30-million-for-deepavali-small-business-financing?lang=en","title":"Malaysia sets RM30 million Deepavali financing allocation for small traders","summary":"KUSKOP’s TEKUN-run scheme offers eligible Indian-community entrepreneurs loans of up to RM30,000 at a 3% annual profit rate, with applications open through 8 November.","category":"finance","region":"world","topics":[],"published_at":"2026-10-04T18:20:06+03:00","modified_at":"2026-10-04T18:20:06+03:00","publication_basis":"publication-record","event_period":"2026-10-03","event_period_basis":"event-or-reference-period","sources":[{"name":"Bernama, reporting Malaysia Ministry of Entrepreneur and Cooperatives Development (KUSKOP)","url":"https://web26.bernama.com/en/news.php?id=2614947","publishedAt":"2026-10-03","checkedAt":"2026-10-04"},{"name":"KUSKOP, festive-season financing initiatives","url":"https://www.kuskop.gov.my/hebatkanperniagaanmalaysia/festive.php","checkedAt":"2026-10-04","publishedAt":"2026-02-05"}],"translations":[{"language":"tr","url":"https://haberpaper.com/tr/news/malaysia-allocates-rm30-million-for-deepavali-small-business-financing","api_url":"https://haberpaper.com/api/v1/articles/malaysia-allocates-rm30-million-for-deepavali-small-business-financing?lang=tr"},{"language":"en","url":"https://haberpaper.com/en/news/malaysia-allocates-rm30-million-for-deepavali-small-business-financing","api_url":"https://haberpaper.com/api/v1/articles/malaysia-allocates-rm30-million-for-deepavali-small-business-financing?lang=en"},{"language":"ar","url":"https://haberpaper.com/ar/news/malaysia-allocates-rm30-million-for-deepavali-small-business-financing","api_url":"https://haberpaper.com/api/v1/articles/malaysia-allocates-rm30-million-for-deepavali-small-business-financing?lang=ar"},{"language":"fr","url":"https://haberpaper.com/fr/news/malaysia-allocates-rm30-million-for-deepavali-small-business-financing","api_url":"https://haberpaper.com/api/v1/articles/malaysia-allocates-rm30-million-for-deepavali-small-business-financing?lang=fr"},{"language":"es","url":"https://haberpaper.com/es/news/malaysia-allocates-rm30-million-for-deepavali-small-business-financing","api_url":"https://haberpaper.com/api/v1/articles/malaysia-allocates-rm30-million-for-deepavali-small-business-financing?lang=es"}],"data_types":["metrics"],"data":{"version":1,"blocks":[{"id":"berkat-deepavali-scheme","type":"metrics","title":{"tr":"BERKAT Deepavali tahsisi ve finansman koşulları","en":"BERKAT Deepavali allocation and financing terms","ar":"تخصيص برنامج BERKAT Deepavali وشروط التمويل","fr":"Allocation et conditions de financement de BERKAT Deepavali","es":"Asignación y condiciones de financiación de BERKAT Deepavali"},"description":{"tr":"KUSKOP açıklamasında belirtilen toplam tahsis ve yıllık finansman kâr payı oranı. Tahsis harcanmış tutar değildir.","en":"The total allocation and annual financing profit rate stated by KUSKOP. An allocation is not an amount already disbursed.","ar":"إجمالي المخصص ومعدل ربح التمويل السنوي كما أعلنهما KUSKOP. المخصص ليس مبلغاً صُرف بالفعل.","fr":"Montant total et taux annuel de profit du financement annoncés par KUSKOP. Une allocation n’est pas une somme déjà décaissée.","es":"Asignación total y tasa anual de beneficio financiero comunicadas por KUSKOP. Una asignación no es un importe ya desembolsado."},"methodology":{"tr":"Açıklanan tutar ve oran, duyuru tarihinde ilan edilen program koşulları olarak aktarılmıştır. Bireysel finansman 30.000 MYR ile sınırlı ve vade en fazla 12 aydır; azami değerler gerçekleşmiş ortalama veya yararlanıcı sayısı olarak yorumlanamaz.","en":"Values reproduce the programme amount and rate announced on the release date. Individual financing is capped at MYR 30,000 for up to 12 months; maxima are not observed averages or beneficiary counts.","ar":"تُنقل القيم المعلنة بوصفها شروطاً للبرنامج في تاريخ الإعلان. يقتصر التمويل الفردي على 30,000 MYR لمدة تصل إلى 12 شهراً؛ والحدود القصوى ليست متوسطات مرصودة. المخصص الإجمالي وحده لا يحدد عدد المستفيدين المحتملين.","fr":"Les valeurs reprennent le montant et le taux annoncés à la date de publication. Le financement individuel est plafonné à 30 000 MYR pour une durée maximale de 12 mois ; ces plafonds ne sont pas des moyennes observées. L’allocation totale ne permet pas, à elle seule, de déduire un nombre de bénéficiaires.","es":"Los valores reproducen el importe y la tasa anunciados en la fecha de publicación. La financiación individual tiene un máximo de 30.000 MYR por hasta 12 meses; esos límites no son promedios observados. La asignación total por sí sola no permite deducir el número de posibles beneficiarios."},"sourceUrls":["https://web26.bernama.com/en/news.php?id=2614947"],"updatedAt":"2026-10-04T14:38:42Z","items":[{"label":{"tr":"BERKAT Deepavali için açıklanan tahsis","en":"Announced BERKAT Deepavali allocation","ar":"التخصيص المعلن لبرنامج BERKAT Deepavali","fr":"Allocation annoncée pour BERKAT Deepavali","es":"Asignación anunciada para BERKAT Deepavali"},"value":30,"unit":"million MYR","period":"2026-10-03","basis":"target","measure":{"id":"berkat-deepavali-financing-allocation","unitCode":"million-myr","geography":"malaysia","frequency":"irregular","aggregation":"unspecified","periodRole":"announcement-date"}},{"label":{"tr":"Yıllık finansman kâr payı oranı","en":"Annual financing profit rate","ar":"معدل ربح التمويل السنوي","fr":"Taux annuel de profit du financement","es":"Tasa anual de beneficio financiero"},"value":3,"unit":"percent","period":"2026-10-03","basis":"target","measure":{"id":"berkat-deepavali-annual-profit-rate","unitCode":"percent","geography":"malaysia","frequency":"irregular","aggregation":"rate","periodRole":"announcement-date"}}]}]},"data_compilations":[{"id":"berkat-deepavali-scheme","creator":{"@type":"Organization","@id":"https://haberpaper.com/#organization","name":"Haber Paper","url":"https://haberpaper.com/"},"license":{"@type":"CreativeWork","@id":"https://haberpaper.com/en/data-terms/v1#license","name":"Haber Paper Original Data Compilation License 1.0","url":"https://haberpaper.com/en/data-terms/v1"},"rights_scope":"Haber Paper original data arrangement, labels and methodology notes only; underlying source rights and permissions remain separate.","source_license_url":null}],"data_downloads":[{"id":"berkat-deepavali-scheme","formats":{"json":"https://haberpaper.com/api/v1/articles/malaysia-allocates-rm30-million-for-deepavali-small-business-financing/data/berkat-deepavali-scheme?lang=en&format=json","csv":"https://haberpaper.com/api/v1/articles/malaysia-allocates-rm30-million-for-deepavali-small-business-financing/data/berkat-deepavali-scheme?lang=en&format=csv"}}],"content":{"paragraphs":["Malaysia’s Entrepreneur and Cooperatives Development Ministry has allocated RM30 million for BERKAT Deepavali, a seasonal financing scheme administered through TEKUN Nasional. Minister Steven Sim announced it in Bukit Mertajam on 3 October, with applications open from that day until 8 November. The announcement positions the facility as working capital for small traders preparing inventory and operations for Deepavali, which falls the following month. The allocation is a programme ceiling, not evidence that RM30 million has already been lent or that demand will exhaust the available amount.","Eligible applicants are Malaysian citizens from the Indian community aged 18 to 65. Existing TEKUN entrepreneurs can apply as well, provided their total financing does not exceed RM100,000. Individual BERKAT financing is capped at RM30,000, carries a three per cent annual profit rate and has a repayment tenure of up to 12 months. The application window and eligibility rules define who may seek support; approval remains an underwriting decision rather than an automatic entitlement. Applications can be submitted through TEKUN’s online system or at its nationwide branch offices.","KUSKOP said decisions on applications below RM100,000 must be made within seven days. That is a decision-time requirement, not a promise that every applicant will be approved or receive funds within a week. The ministry also said applicants with weak credit records may be assessed using cash flow and alternative credit-assessment methods, while proper audit and governance remain required. This distinction matters for microbusinesses whose records may not resemble those of larger firms: the announcement describes a broader assessment approach, but does not disclose approval criteria, rejection rates, average loan sizes or a separate budget for this group.","The ministry says the financing is intended for traders needing short-term working capital, including hawkers and small businesses in food and beverages, clothing, festival-related equipment and supplies. Such financing can help bridge purchases made before a concentrated sales period, but the release does not report any realised increase in stock, turnover, profits or jobs. It also does not publish a sector allocation or estimate of how many businesses the RM30 million could serve. The maximum loan is not the typical loan size, and the total allocation alone does not determine how many businesses may receive financing.","The announcement cited a previous BARAKAT Ramadan and Aidilfitri scheme, under which TEKUN disbursed RM35 million to 5,590 entrepreneurs from February to March after an initial RM30 million allocation. Those are reported past disbursements and recipients for another financing round; they are not part of BERKAT Deepavali’s new RM30 million allocation. KUSKOP’s wider festive-financing approach uses seasonal demand as a reason to provide working capital, yet this single release supplies no independent evaluation of repayment performance or business outcomes. Results would require later reporting on approved applications, amounts disbursed and repaid, and recipients’ trading activity.","For applicants, the practical issue is whether the programme’s timing, eligibility and repayment terms fit the cash cycle of a seasonal business. A maximum 12-month term extends beyond the Deepavali trading period, while the three per cent annual rate describes financing cost rather than a flat three per cent charge on every loan. The release does not detail fees, collateral, instalment schedules or the calculation method, so applicants need TEKUN’s official documents for those specifics. This report treats the announced allocation and terms as scheme information, not a recommendation to borrow or a claim that credit access will necessarily improve business performance."],"key_points":[],"sections":[]},"text":"KUSKOP’s TEKUN-run scheme offers eligible Indian-community entrepreneurs loans of up to RM30,000 at a 3% annual profit rate, with applications open through 8 November.\n\nMalaysia’s Entrepreneur and Cooperatives Development Ministry has allocated RM30 million for BERKAT Deepavali, a seasonal financing scheme administered through TEKUN Nasional. Minister Steven Sim announced it in Bukit Mertajam on 3 October, with applications open from that day until 8 November. The announcement positions the facility as working capital for small traders preparing inventory and operations for Deepavali, which falls the following month. The allocation is a programme ceiling, not evidence that RM30 million has already been lent or that demand will exhaust the available amount.\n\nEligible applicants are Malaysian citizens from the Indian community aged 18 to 65. Existing TEKUN entrepreneurs can apply as well, provided their total financing does not exceed RM100,000. Individual BERKAT financing is capped at RM30,000, carries a three per cent annual profit rate and has a repayment tenure of up to 12 months. The application window and eligibility rules define who may seek support; approval remains an underwriting decision rather than an automatic entitlement. Applications can be submitted through TEKUN’s online system or at its nationwide branch offices.\n\nKUSKOP said decisions on applications below RM100,000 must be made within seven days. That is a decision-time requirement, not a promise that every applicant will be approved or receive funds within a week. The ministry also said applicants with weak credit records may be assessed using cash flow and alternative credit-assessment methods, while proper audit and governance remain required. This distinction matters for microbusinesses whose records may not resemble those of larger firms: the announcement describes a broader assessment approach, but does not disclose approval criteria, rejection rates, average loan sizes or a separate budget for this group.\n\nThe ministry says the financing is intended for traders needing short-term working capital, including hawkers and small businesses in food and beverages, clothing, festival-related equipment and supplies. Such financing can help bridge purchases made before a concentrated sales period, but the release does not report any realised increase in stock, turnover, profits or jobs. It also does not publish a sector allocation or estimate of how many businesses the RM30 million could serve. The maximum loan is not the typical loan size, and the total allocation alone does not determine how many businesses may receive financing.\n\nThe announcement cited a previous BARAKAT Ramadan and Aidilfitri scheme, under which TEKUN disbursed RM35 million to 5,590 entrepreneurs from February to March after an initial RM30 million allocation. Those are reported past disbursements and recipients for another financing round; they are not part of BERKAT Deepavali’s new RM30 million allocation. KUSKOP’s wider festive-financing approach uses seasonal demand as a reason to provide working capital, yet this single release supplies no independent evaluation of repayment performance or business outcomes. Results would require later reporting on approved applications, amounts disbursed and repaid, and recipients’ trading activity.\n\nFor applicants, the practical issue is whether the programme’s timing, eligibility and repayment terms fit the cash cycle of a seasonal business. A maximum 12-month term extends beyond the Deepavali trading period, while the three per cent annual rate describes financing cost rather than a flat three per cent charge on every loan. The release does not detail fees, collateral, instalment schedules or the calculation method, so applicants need TEKUN’s official documents for those specifics. This report treats the announced allocation and terms as scheme information, not a recommendation to borrow or a claim that credit access will necessarily improve business performance.","corrections":[],"editorial_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"finance","url":"https://haberpaper.com/assets/illustrations/finance-1536.webp","width":1536,"height":1024,"alt":"Symbolic financial system with a vault door, columns and unmarked coins.","language":"en"},"section_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"finance","url":"https://haberpaper.com/assets/illustrations/finance-1536.webp","width":1536,"height":1024,"alt":"Symbolic financial system with a vault door, columns and unmarked coins.","language":"en"}}}