Four measures have been announced under a strategy to advance the national bumiputra agenda.
These are increasing equity ownership, strengthening bumiputra entrepreneurship, financing for SMEs and developing human capital.
For this purpose, RM600 million (S$235 million) will be set aside for Ekuiti Nasional Bhd (Ekuinas) to increase bumiputra ownership in private companies and in GLCs or government-linked companies.
There will also be efforts to further accelerate the Bumiputra Entrepreneurs Startup Scheme (Superb) with additional allocation of RM30 million, which would also be extended to those in Sabah and Sarawak.
This includes targeting 60 high-performing bumiputra companies or Teras to increase their capacity and penetrate international markets.
Another measure is a RM200 million allocation by Lembaga Tabung Haji to set up syariah-compliant Restricted Investment Account (RIA) under Bank Islam, which can provide financing and credit of between RM50,000 and RM1 million from January next year.
At the same time, Amanah Ikhtiar Malaysia (AIM) will use internal sources of RM1.8 billion for financing to benefit 346,000 Sahabat AIM.
A total of RM2 billion has also been put aside for Mara to sponsor the education and studies of eligible Bumiputra students while Yayasan Peneraju Pendidikan Bumiputra will use RM72 million to put into place scholarship and training programmes, and financial assistance for 5,000 people.