Sarawak firms to access PUNB scheme offering RM1m–RM10m financing
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Sarawak Bumiputera businesses are among those expected to benefit from PUNB’s PROSPER GROW PLUS scheme, with financing of RM1 million to RM10 million planned from January 2027.
The scheme was outlined at the Sarawak State Entrepreneurs Networking Programme in Kuching on Oct 28. The Borneo Post reported a flat profit rate of 3.5 per cent a year and a financing tenure of up to seven years.
The intended uses include improving technical capability, adopting automation and meeting working-capital needs. PUNB wants local firms to progress into higher-value supply chains linked to energy, manufacturing and infrastructure, rather than remain confined to conventional subcontracting.
For prospective applicants, January is the planned launch, not a claim that applications are already open. PUNB said further details and eligibility criteria would be announced at the launch; an announced financing range does not guarantee approval for an individual company.
The corporation’s RM500 million allocation under Budget 2027 is a wider funding allocation, not a RM500 million grant reserved for Sarawak. Businesses can seek information from PUNB’s regional office at Wisma Wan Abu Bakar, Jalan Kulas in Kuching, or its Miri branch at Marina Parkcity, Miri Times Square.
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