Economic Fund Scheme Youth Loan's

However, it was coagulated since year 2002.Economics fund Belia have started in 1987 until 1996 perform personally by youth and sport ministry had given youth opportunity to entrepreneur obtain loans to carry out business. with the efforts made to dilute again this fund, in the year 2006, economic planning unit side in the Department of Prime Minister has given consent that Economics fund scheme youth need continue with some change method implementation lending to plenty youth. [Rouge. Letter : (19 ) UPE.Dated S 25/100/330 19th of January 2006].
Economic planning unit side suggested that Youth And Sport Ministry focus attention to efforts guide youth in the entrepreneurial field and Grant business and loan approval need managed by Finance Institution those appointed by the ministry party .
On 27th Of April 2006, Economic Fund Scheme Youth were launched by YB Dato' Azalina bt Dato' Othman Said, former Youth And Sport Minister in Social Security Training Institute Bangi, Selangor. Economic Fund Scheme Youth divided into two section :-

* Youth Scheme Business (SBN)
* Youth Scheme Tani (SBT)

This scheme aim of providing financing facility to youth group that undertakes in various fields venture. This financing facility set for start and expand business. Finance institution those appointed are :

* Bank Co-operation Of The Malaysian (Bank Rakyat) – Youth Scheme Business (SBN)
* Agro Bank - Youth Scheme Tani (SBT)

Applicant Category
* Category 1 (already trading and have the certificate)
Had conducted business at least 6 month and have the certificate those related.
* Category 2 (commences business and has the certificate)
New commence business and have already certificate those related.

Service payment rate that imposed is 4% of the balance loan. Loan Condition Eligible youth group to gain loan facility are as follows :
*Resident citizen in Malaysia old among 18 - 40 year.
(Minimum applicant age is 18 year and before attains the age 41)
* Purpose of application is to start and expand business.
* Loan application is individually and carry out his business by full time.
* Alone among husband or wife those eligible to whenever time to apply loan.
* Per borrower must be independent and clean from proceeding.
* IKTBN's graduating / IKBN give priority to apply loan to start business.

Guarantor Conditions
*RM's Loan 5000.00 – RM 15,000.00 ; No PENJAMIN Or,
Borrower to become guarantor to stated loan. Borrower will be imposed proceeding if default to repay loans Or borrower has no act record relating with debt or such it.
* RM's Loan 15,001.00 – RM 50,000.00 a ( 1 ) guarantor person ;
Or, Guarantor are encouraged among family .
Or, Guarantor have gross fixed income not less from RM 800.00 per one month
Or, Guarantor is is comprise staff government or private.
Or, Guarantor who work disyarikat that same with unfit applicant to become guarantor.
and has no record action those related with debt or suchlike.

Special condition :
* All the officer and staff those still serving with the ministry of youth and Sukan is unfit to be guarantor.
Limit ensure :
* Person those eligible in order to be guarantor cannot guarantee more than one borrower person to singles time.

Applications For Obtain Loans
* Applications for obtain loans must be use special loan application form financial institution those appointed by the ministry of youth and sports.
* Every application need to be included with five ( 5 ) copy of working paper and developed to Youth Office and District Sports to cop confirmation.
* Loan original copy need to be developed on to financial institutions those appointed.
* While three ( 3 ) copies of the application submit to Youth Office and District Sports .
A ( 1 ) copy is to save applicant.
* Officer In Youth Office And District Sports need to develop a copy respectively to Youth Department and State Sports and Ministry Of Youth and sport (Economic Development Branch), while one ( 1 ) copy to save youth and district sports center .
* Complete application form and working paper must be developed through financial institutions those appointed.
* Only only single permitted to singles time.

adawiah
http://www.bicarajutawan.com

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