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.
In line with raising the spirits and giving hope to those affected by the Covid-19 pandemic, MyCreative is working towards providing a solid foundation to regenerate businesses that will boost the livelihoods of players in the creative industry.
"The support from the Penjana programme to generate income and ensure sustainability of as many artistes and businesses in the industry amid the post-Covid-19 pandemic could not have come at a better time.The uncertain situation many parties in the creative industry now find themselves in, as well as the stakeholders involved, makes it crucial that the programmes' outcomes are maximised in terms of impact to as many beneficiaries as possible. We are taking all these factors into account in refining the package to ensure the programmes are run effectively."
Riza Saian, MyCreative Group CEO
Details of the loans and grants are available here.
Terms and Conditions as well as updates on the application process will be announced soon.