About NCER
About NCER
NCIA’s Response To COVID-19
WE ARE WITH YOU #NCERcares
The COVID-19 global health crisis has spilled over into a socioeconomic crisis, irrevocably affecting and disrupting lives around the world including businesses alike.
NCIA is striving to act promptly to respond and recoup from the impact of this unprecedented outbreak. We are determined to safeguard the well-being of our people, the rakyat as well as our network of business community and partners.
To help mitigate the economic impact of this pandemic, we have rolled out a Three-pronged Approach in formulating the way forward in capturing growth opportunities.
Three-pronged Approach
Our Relief Measures
The Northern Corridor Economic Region (NCER) has rolled out its JomKerja@NCER and JomNiaga@NCER programmes, in line with the National Economic Recovery Plan (PENJANA), to create jobs and boost economic activities in the region. Utilising a three-pronged strategic approach, NCER will focus efforts on empowering human capital and community; accelerating private investment growth, and prioritising strategic Infrastructure development to incentivise and address the socioeconomic implications on the people and the nation.
KIDA 2019 recipients will continue enjoying the benefits of the programme for another two months, until end of June 2020 (Phase 1). KIDA Phase 2 will commence in July 2020 for eligible recipients based on the Kedah e-Kasih list.
ENHANCEMENT(S) IN RESPONSE TO COVID-19 OUTBREAK
The current phase of the programme extended until the end of June 2020
Small traders, micro enterprises and retrenched workers in the B40 category can now register to participate in the empowerNCER programme, which was previously only open to B40 youth and women. This programme empowers participants to generate their own income through skills and entrepreneurship training for them to be employed or become entrepreneurs, including training on e-commerce and digitalisation to help participants sell online during MCO.
ENHANCEMENT(S) IN RESPONSE TO COVID-19 OUTBREAK
Programme target group extended to micro enterprises affected by MCO, hawkers/ small traders and retrenched workers
For SMEs and micro enterprises that need to restart, grow and sustain their business post COVID-19, the entrepreneurNCER programme provides top-up of 50% on bank interest through strategic partnerships with Maybank and Agrobank. This offering further enhances and complements the current Special Relief Facility (SRF), Agrofood Facility (AF) and SME Automation and Digitalisation Facility (ADF) announced by Bank Negara Malaysia.
ENHANCEMENT(S) IN RESPONSE TO COVID-19 OUTBREAK
| 1. | Special Relief Facility (SRF) entrepreneurNCER |
| • | Introduction of new financing assistance through 50% top-up to bank interest / profit rates for the Special Relief Facility (SRF), Agrofood Facility (AF) and SME Automation & Digitalisation Facility (ADF) as announced by Bank Negara Malaysia. This initiative is implemented in collaboration with Maybank and Agrobank. |
| • | SRF entrepreneurNCER – Maybank: |
| i. For financing amount between RM10,000 – RM150,000 | |
| ii. Participating facilities: Special Relief Facility (SRF) | |
| • | SRF entrepreneurNCER – Agrobank: |
| i. For financing amount between RM1,000 – RM100,000 | |
| ii. Participating facilities: Special Relief Facility (SRF), Agrofood Facility (AF) and SME Automation and Digitalisation Facility (ADF) | |
| 2. | NCIA – Maybank Entrepreneur Scheme (NMES) & NCIA – Agrobank Entrepreneur Scheme (NAES) |
| • | Existing participants of NMES and NAES whose financing have been approved between October 2019 and the outbreak of Covid-19 are eligible to enjoy 6-month moratorium effective from 01 April 2020 as announced by YAB Prime Minister of Malaysia |
Via NTEP, incentives are offered to companies providing job opportunities and adequate training to fresh graduates, retrenched personnel, and female workforce in NCER.
Companies investing and expanding in NCER are urged to explore these opportunities.
Graduates seeking employments, part time workers, contract workers, management trainees, graduate trainees and interns are also encouraged to apply.
ENHANCEMENT(S) IN RESPONSE TO COVID-19 OUTBREAK
| • | Graduates unemployed for up to 3 years can now benefit from this programme |
| • | Target participants also include Part-time, contract workers, retrenched, management trainees, graduate trainees and interns |
| • | The monthly NTEP Subsidy has been revised to: |
| i. RM1,500: For participants with minimum salary of RM3,000 | |
| ii. 50% of salary offered or maximum RM1,000: For participants with minimum salary ranging from RM1,500 to RM2,500, subject to employment sector and academic qualification | |
| • | Agreement period for this programme has been extended to 30 months |
DU offers Facilitation Fund as a tipping point for Bumiputera private investment initiatives and projects to continue the value chain and ecosystem of SMEs and Bumiputera cooperatives, while making a significant impact on the NCER economic development. DU is set to assist Bumiputera SMEs via convenient grant financing, continuing of operations; retaining employees; and maintaining small contracts from micro enterprises.
ENHANCEMENT(S) IN RESPONSE TO COVID-19 OUTBREAK
| • | The fund can now cover up to 30% of total project cost, capped at RM2.00 million for each project |
| • | The approved funding will now be disbursed in 3 stages: Initial (10%) and project progress of 50% and 100% |