Understanding Ambank MTAP Initiatives and Offerings

Ambank MTAP initiatives are designed to help small and medium-sized enterprises (SMEs) in Malaysia grow their businesses.

Ambank has partnered with various organizations to provide training and advisory services to SMEs.

These initiatives aim to enhance the capabilities of SMEs in areas such as management, marketing, and finance.

Ambank's MTAP program is also focused on promoting digitalization and innovation among SMEs.

AmBank Islamic has a program called iTEKAD that aims to empower micro-entrepreneurs with financial assistance and skills training.

The program provides a combination of seed funding, micro-financing, and structured training to help micro-entrepreneurs grow their businesses.

Program iTEKAD is a joint financing initiative that offers micro-financing, skills training, and digital infrastructure support to micro-entrepreneurs.

The program is designed to monitor the effectiveness of the initiative, focusing on aspects such as business growth, financial stability, employment, and skill enhancement.

AmBank Islamic has allocated RM100,000 from its Zakat funds to enhance the skills and digital initiatives of micro-entrepreneurs.

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This allocation includes registering participants with DuitNow QR or mTAP, a digital payment solution to improve their digital capacity.

The mTAP initiative provides a free 24-month internet plan and a free mobile phone under the Maxis Promotion Package to eligible participants.

Program iTEKAD has been introduced by Bank Negara Malaysia in 2020, aligning with the government's budget 2024 goal of generating sustainable income for micro-entrepreneurs.

The government has allocated a matching grant of RM25 million for the program in the 2024 budget.

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