New Entrepreneurs Fund 2 (Conventional and Islamic)

Bank Negara

	New Entrepreneurs Fund 2 (Conventional and Islamic)
Amount	RM2,000 million
Date established	15 Jul 2001
Main Objective	To help stimulate the growth of small and medium-sized Bumiputera enterprises. The fund is a continuation of the New Entrepreneurs Fund which was terminated on 15 July 2001
Maximum financing rate	5.0% p.a.
Maximum tenure	8 years
Minimum funding	None
Maximum funding	RM5 million
Participating Financial Institutions	All commercial banks All finance companies All islamic banks Bank Pembangunan dan Infrastruktur Malaysia Berhad Bank Industri dan Teknologi Malaysia Berhad Malaysian Industrial Development Finance Berhad
Eligibility	Shareholder's funds not exceeding RM10 million; Wholly-owned Bumiputera institutions incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966, Bumiputera residing in Malaysia and Bumiputera entrepreneurs registered under the Registrar of Business or any other authoritative bodies. or The small and medium-sized Bumiputera enterprises participating under the vendor development programmes of the Ministry of Entrepreneur Development, or Ministry of Finance, with at least 70% Bumiputera equity and management control.
Purpose of financing	Expansion in productive capacity; Working capital; or Both the above Financing should not be used for : Purchase of shares Refinancing of existing credit facilities.
Eligible sectors	All economic sectors
Application procedure	Applications should be made through any participating financial institutions. Approvals will be subject to the normal vetting procedures and security requirements of the participating financial institutions.