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The Bumiputera Business Expansion Fund (BEF) of RM475 million is to assist Bumiputera companies to develop technology-based businesses operating internationally. BEF fund is allocated to Unit Peneraju Agenda Bumiputera (TERAJU) and will be managed by Malaysian Technology Development Corporation (MTDC). BEF funds provide flexible loans without collateral for six years, with repayment starting in the second year after the loan is issued. The main requirements of each project proposal is that it must have the prospect of profit and proposals should be focused on business development activities.