Pelan Jana Semula Ekonomi Negara (PENJANA)
Under the Pelan Jana Semula Ekonomi Negara (PENJANA), Malaysian Prime Minister, YAB Tan Sri Dato' Haji Muhyiddin bin Yassin has announced an allocation of RM150 million to assist creative industry businesses in alleviating the short-term cash flow problems faced by SMEs, artists, collectives and organisations adversely affected by the Covid-19 pandemic.
The MyCreative Group is offering loans to the qualified applicants by introducing Postcovid-19 Pandemic Loan Initiatives as well as Grants in support of the creative industry.The initiative is targeted towards creative businesses that are affected by the Covid-19 pandemic. The funding is applicable to qualified applicants to revive their businesses and in ensuring the continuity of the local creative industry ecosystem. Incorporated Companies (Sdn. Bhd.) within the creative industry; specifically the ten (10) supported creative pillars of MyCreative Ventures may apply. Each programme has different eligibility and limits. The multiple programmes cater to different types and purposes of businesses. Details on the programmes can be found via the FAQs as attached below.
Details of the loans and grants are available here.
Terms and Conditions as well as updates on the application process will be announced soon.