SME Funding 2024

Prime Minister and Finance Minister YAB Dato' Seri Anwar Ibrahim announced the 2024 Malaysia Budget, also known as the second Madani budget, with the theme "Economic Reforms, Empowering the People” on 13 October 2023. A total allocation of RM393.8 billion was formed by RM303.8 billion of operating expenditure and RM90 billion of development expenditure. 

The budget highlighted the government's agenda in encouraging startups, including small and medium enterprises (SMEs), to digitalise their operations and embrace automation, with the ultimate goal of becoming a sustainable business.