The Covid-19 pandemic that hit Malaysian shores has only proven to be more difficult over time for businesses nationwide, particularly small and medium enterprises (SMEs) and micro small and medium enterprises (MSMEs).
In efforts to help these groups along with the B40 and the M40 communities, the Ministry of Domestic Trade and Consumer Affairs has launched the Micro Franchise and Affordable Franchise Development Programme.
The programme consists of two types of grants, with the first one being the facilitating grant. The grant is a matching grant that is directly for the B40 and M40 groups that aspire to start their own business through a franchise or as a franchisee.
Financing of up to RM90,000 is provided for operating or to kickstart an affordable franchise package priced RM100,000 and below. Additionally, there is also a micro-franchise package priced RM50,000 and below.
Applicants can choose from more than 10 brands that comes with a franchise package of RM100,000 and below.
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