KUALA LUMPUR, Oct 22 (Bernama) -- Agrobank has disbursed RM70 million through its padi financing facility as of Oct 20 to help farmers meet their working capital needs throughout the planting season, thereby supporting padi production and national food security.
General : Agrobank Disburses RM70 Mln In Padi Financing, Assists Nearly 10,000 Farmers
Agrobank, padi, financing, farmers, Tengku Ahmad B
BE Bernama 
Key takeaways
Agrobank disbursed RM70 million in padi financing to nearly 10,000 farmers, supporting food security and agricultural production.
- Agrobank provided RM70 million in padi financing to 10,000 farmers by Oct 20.
- The facility offers up to RM50,000 per farmer for six months with profit rates between 1% and 3.25%.
- The program aims to enhance farmers' resilience and reduce reliance on informal financing.
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Related reporting
4 stories on this topic from 4 sources, oldest first.
- Utusan Malaysia Agrobank salur RM70 juta pembiayaan padi, manfaat 10,000 pesawah
- Bernama General : Agrobank Disburses RM70 Mln In Padi Financing, Assists Nearly 10,000 Farmers (this story)