KUCHING, Apr 18: Application for the Covid-19 business recovery financial scheme (CBRM) can be made online through TEKUN Nasional website with minimal documentation needed, said Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar.
Wan Junaidi in a statement said a total of RM200 million has been allocated by the government for the CBRM under TEKUN Nasional to help entrepreneurs, small and medium-sized enterprises (SMEs) affected by the Covid-19 pandemic. As of April 17, TEKUN Nasional has received 7,891 applications.
“As the minister in charge of the development and well-being of our local entrepreneurs, I would like to point out that TEKUN Nasional has facilitated the application of the Covid Business Recovery Financing Scheme (CBRM), initially by using ‘Google Form’ and also by email.
“Effectively on April 16, 2020, an online applications system have been created and entrepreneurs can apply by filling up the form via this link http://fas.tekun.gov.my/cbrm/,” he said.
Wan Junaidi was responding to allegations of overly restrictive conditions imposed on SMEs affected by Covid-19 that made it difficult for them to apply through the Special Assistance Facility.
He noted that application for the CBRM only needs minimal documents such as signed declaration form and latest bank statement (1 month), MyKad copy of applicant and spouse, the Companies Commission of Malaysia (SSM) or Local Authorities (PBT) business license or other official documents as proof of business and one copy of the applicant’s utility bill.
However, he added, a delay in approval of the application may be due to several reasons, including application documents not included, incomplete information on the application form, multiple applications e.g. when an applicant submits the application for CBRM more than once.
“The Movement Restriction Order (MRO) also restricts the mobility for TEKUN Nasional staff to come to the branch offices, as applicants must sign the agreement after their application has been approved,” he said.
Wan Junaidi hoped that the Covid Business Recovery Financing Scheme (CBRM) will help ease the burden of micro-entrepreneurs and further boost the nation’s economy and as such welcomed all comments and suggestions from all parties.
For more information, applicants can visit our website at www.tekun.gov.my or call 03-9059 8888.—DayakDaily.