Tekun programme off to strong start

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Finance Minister Tengku Zafrul Abdul Aziz visiting Tekun’s office in Bandar Tasik Selatan.KUALA LUMPUR: The National Entrepreneur Group Economic Fund (Tekun) has approved 38 applications worth RM302,000 for its Tekun Business Recovery Scheme (TBRS) since it was launched on Monday. The TBRS programme is part of the RM35 billion Penjana economic stimulus package announced by Prime Minister Muhyiddin Yassin in June. A total of RM100 million has been allocated to TBRS, which is expected to benefit 10,000 small and medium sized enterprises (SMEs) and micro enterprises. It offers micro-financing of up to RM10,000 at an interest rate of 3.5 % per annum. A total of 394 businesses have applied for the loan thus far. Speaking to the media after a working visit to Tekun’s headquarters here today, Finance Minister Tengku Zafrul Abdul Aziz said 394 applications worth RM8.7 million had been rec…