KUALA LUMPUR, Oct 14 (Bernama) -- Agrobank's financing initiatives will create more opportunities for entrepreneurs to boost local food production and modernise agriculture, in line with Budget 2027’s focus on strengthening the country’s food security.
General : Budget 2027: Agrobank Financing To Drive Growth In National Agri-food Sector
Agrobank, financing, agrifood, entrepreneurs, supp
Key points
- Agrobank said in a statement today that the RM40 million financing allocation for aquaculture projects, together with more than RM1 billion in funding from Agrobank and several other financial institutions, will create more opportunities to increase production and adopt agricultural technology.
- “In the aquaculture sector, for example, suitable financing can help operators increase production capacity, adopt more efficient technology and strengthen local food supplies,” he said.
- “These efforts are also supported by initiatives such as Agro Padi-i Salam, Agrobank’s collaboration with FAMA (Federal Agricultural Marketing Authority) and Halal@Agrobank, which cater to the different needs of entrepreneurs, from access to financing to opportunities to expand their businesses and markets,” he said.
Sentences selected automatically from the original article by Bernama.
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