Harian Metro - Government Assists Affected IPTS

Putrajaya – The government has agreed to implement the Mudah Jaya Financing Scheme (SPiM) for Private Higher Education Institutions (IPTS) through the National Economic Recovery Plan (PENJANA), to help sustain the operations of Bumiputera entrepreneurs affected by the COVID-19 pandemic.

Minister of Rural Development, Datuk Dr Abd Latiff Ahmad, said the initiative is intended to assist Bumiputera IPTS affected by the outbreak and to ease the financial burden on the operators of these institutions.

According to him, MARA, as the implementing agency, has been allocated RM300 million, with RM150 million designated for the year 2020 and the remaining RM150 million for 2021.

“The SPiM PENJANA IPTS will be fully executed by a MARA subsidiary, with a financing limit of up to RM50 million.
The financing limit assessment will depend on the applicant’s needs and repayment ability,” he said in a statement.

As such, Bumiputera IPTS registered under the Private Higher Education Institutions Act 1996 [Act 555] are the targeted group eligible to apply for the SPiM scheme under PENJANA.

All applications can be submitted online at www.pmbtijari.com.my/spimpenjana. FAQs and detailed application information are also available on the website.

Original article (in Malay)
Published: Wednesday, 28 October 2020 @ 4:47 PM