Majlis Amanah Rakyat
From Wikipedia, the free encyclopedia
| MARA | |
 |
|
| Agency overview | |
|---|---|
| Formed | 1 March 1966 |
| Jurisdiction | Malaysia |
| Headquarters | Kuala Lumpur, Malaysia |
| Website | www |
Contents
History and organisation
MARA was formed by an act of Parliament in 1966. It had originally begun as the Rural Industrial Development Authority (RIDA), which was established by the British colonial administration in 1951, a program to provide economic assistance and support to Malay farmers and rural inhabitants.[2][3] This organisation was expanded in scope and became the MARA in 1966. Although it is an autonomous government agency, it reports to the Minister of Entrepreneurial and Cooperative Development, who appoints all the members of the MARA Council. Besides state-level offices in the 13 states of Malaysia and the Federal Territory of Kuala Lumpur, MARA operates three offices overseas — one in London, Washington, D.C. and another in Alexandria, Egypt.[4]Entrepreneurship aid
Among other things, MARA offers loans to Bumiputra entrepreneurs.[5] Such loans may be repaid either in the conventional Western manner or in the style of Islamic banking, depending on the borrower's preference.[6] MARA also offers entrepreneurship courses, vocational training, consultancy services, and assistance in marketing for Bumiputra entrepreneurs.[7]MARA constructs infrastructure, such as shoplots or factories, which are rented to Bumiputra entrepreneurs at a subsidised rate. These facilities are often constructed in towns or underdeveloped areas, to encourage further development there.[8]
Education
MARA Students Office located in Washington, D.C.
Until recently, the MRSMs were only open to Bumiputra students. However, the Barisan Nasional government pledged during its campaign for the 2004 general election that the MRSMs would be opened to all. Eventually, they were opened, with a quota allocating 10% of all places in MRSMs to non-Bumiputras.[10] In admissions, preference is given to students from low-income families, rural areas and/or those living in squatter settlements in the cities.[11]
In addition to MRSMs and the UniKL, vocational and professional colleges are operated by MARA such as Pusat GIAT MARA and Kolej Kemahiran MARA. These vocational colleges give a second lane of higher education to students who not be able to continue their studies in universities. There are also Kolej Kemahiran Tinggi MARA, German-Malaysian Institute, Kolej MARA and Kolej Professional MARA.[12]
Scholarships are offered to Bumiputra students for local and foreign institutions of higher learning. However, students must specialise in certain professions, such as engineering, medicine or accounting.[13]
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