Kuala Lumpur: Tekun Nasional, an agency under the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), is set to launch a special micro-financing scheme for graduates of technical and vocational education and training (TVET).

According to BERNAMA News Agency, Minister of Entrepreneur Development and Cooperatives Datuk Ewon Benedick announced that the financing scheme would provide opportunities for TVET graduates from various educational institutions to obtain business capital, particularly those wishing to start small-scale ventures based on their skills. An initial budget of RM30 million has been allocated for the programme, with the possibility of increasing the amount based on demand and public response.

“This TVET entrepreneur financing scheme will be launched in conjunction with National TVET Day in Melaka this June. Hopefully, this scheme will open wider opportunities for TVET graduates to obtain capital to start businesses should they choose the entrepreneurship route. This is among the ministry’s efforts to support the national agenda to develop not only graduates but also careers and entrepreneurship within the TVET field,” he said in a statement after officiating the Closing Ceremony of the Career Skills Course in the Oil and Gas Industry.

Ewon emphasized that the scheme would offer financing to TVET graduates nationwide, including those from Sabah, such as those from ESTC Academy, vocational colleges, or other training institutions. He stated that Tekun Nasional remains committed to strengthening the national economy by expanding support to TVET participants.

As of this month, a total of 306 TVET participants have benefited from TEKUN Nasional’s financing, covering various sectors such as motorcycle and car workshops, electrical wiring, welding and metalworks, mechanical services, and electronics repair workshops.