Tekun Nasional Malaysia is cognizant of the rising number of unemployed graduate that Malaysian colleges and universities produce each year. In 2010 alone, the Department of Statistics (DOS) Malaysia found out that 65,000 graduates were unemployed and they were predominantly between the ages of 20-29. Because of this, Tekun Nasional has designed the “The Young Graduate Entrepreneurship Development Program” to help this young graduates become successful entrepreneurs. Tekun Nasional has conceived the idea of the “PERINTIS” program to the Economic Planning Unit (EPU) of the Prime Minister’s Department. This programme provides young and aspiring entrepreneurs with entrepreneurship training, business innovation, business proposal, training on business management, and loan facility. Tekun Nasional had allocated a fund of RM15 million for the program and partnered with colleges and universities in providing the necessary training, business opportunities and start up loans to these young graduates. The collaboration between Tekun and Nasional and Malaysian Universities has further enriched SME business in Malaysia, with new graduate as entrepreneurs. With this programme, Tekun Nasional is helping the Malaysian Government empower SMEs, the major contributors to the growth of Malaysian economy. On its latest record, Tekun Nasional has already provided microcredit facilities of RM2.96 billion to 278,852 entrepreneurs, 63,323 of which are young entrepreneurs.
Tekun Nasional’s “The Young Graduate Entrepreneurship Development Program” was winner of the ADFIAP Outstanding Development Project Award 2014 under the Human Capital Development Category.