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THE Retirement Fund Incorporated (KWAP) has launched Jana MyPesara, a micro-financing programme designed to help retirees generate income and enhance their financial resilience during retirement. The initiative initially targets 3,000 participants.
Finance Minister II Datuk Seri Amir Hamzah Azizan said today that the programme reflects the government’s commitment under the MADANI economic framework to promote inclusive growth and lift economic participation among retirees.
Jana MyPesara enables retirees to engage in income-generating activities, allowing them to remain economically active and financially secure in their post-employment years.
“This programme opens new avenues for retirees who previously faced difficulties obtaining loans, especially due to their age or lack of demonstrable regular income,” Amir Hamzah said at the official launch.
“Many retirees still possess energy, experience, and skills, but struggle to secure financial support. This initiative provides an opportunity for them to start or expand small businesses and build a more stable future,” he added.
The programme is a collaboration between KWAP and Amanah Ikhtiar Malaysia (AIM), which will provide both financing and guidance.
Eligible participants must submit a business model to AIM to access loans ranging from RM1,000 to RM30,000. Beyond funding, the scheme includes mentorship, monitoring, and promotional support to enhance the likelihood of success.
Amir noted that KWAP manages more than 800,000 retirees, overseeing pension payments while also implementing financial literacy programmes to help retirees plan for their post-employment lives.
Jana MyPesara will initially operate as a pilot programme for 3,000 retirees, with expansion planned if results prove successful.
“The selection of AIM as a strategic partner is critical because of its extensive experience supporting micro-entrepreneurs, including providing mentorship and ongoing assistance to borrowers,” he said.
“This comprehensive approach ensures retirees receive not only financing but also practical guidance to manage sustainable businesses.”
KWAP Chief Executive Officer Datuk Nik Amlizan Mohamed, emphasised that many public sector retirees wish to remain active and self-reliant while contributing to the economy.
“For some, the challenge is not motivation, but access to suitable financing and support. Jana MyPesara bridges this gap with discipline and strong governance,” he said.
Eligible applicants include public sector retirees with household incomes below RM5,880 per month who are currently involved or planning to engage in income-generating activities.
The programme primarily targets women; male retirees may nominate a female family member to apply on their behalf. While there is no age limit, applicants over 75 years old are capped at RM2,000 in financing.
Amir also expressed optimism about Malaysia’s economic performance, citing strong investment flows, manufacturing activity, and robust orders, which he said reinforce the country’s economic foundations and support expanded opportunities for all, including retirees. - February 12, 2026
