Rural Economy Funding Scheme (SPED)

SPED objectives are to:

• To increase the number of rural Bumiputera entrepreneurs in all dynamic and legal economic areas.

• To upgrade the industries of rural entrepreneurs so they become more dynamic, competitive and resilient as well as to boost their commitment.

• To provide funding facilities for rural Bumiputera entrepreneurs in order to help improve the rural economy.

• To provide a collateral-free funding scheme with a low instalment rate.

• To increase the involvement of rural Bumiputera entrepreneurs in rural economic activities that has more potential and is more dynamic in order to create a Bumiputera Trade and Industry Community (MPPB) among rural residents.

Implementing Agencies are Bank Rakyat and SME Bank.