KUCHING (BERNAMA) – The Malaysian Ministry of Agriculture and Food Security (MAFS) has entrusted Bank Pertanian Malaysia Bhd (Agrobank) with managing MYR6.23 million in funds through various programmes to assist agri-food entrepreneurs in Sarawak. In a statement yesterday, Agrobank said the funds will be channelled via key initiatives including the Malaysian Family Agrofood Financing Fund, the Agrofood Financing Fund and the Agri-Food Value Chain Modernisation Programme.
“The responsibility undertaken by Agrobank underscores the government’s confidence in the bank’s expertise and capability to effectively manage and distribute funds to support Sarawak’s agricultural sector,” the statement said.
Additionally, as of July 2024, Agrobank has approved MYR95.4 million in financing under the Sarawak Micro Credit Scheme, benefiting 2,758 participants.
Recognising the importance of digital banking, Agrobank is developing mobile banking services and digital solutions to complement its physical branches.
It recently launched a cashless community initiative at Pasar Tamu Lawas to promote digital financial literacy in rural areas.
“This scheme, along with our branch expansion plans, demonstrates our holistic approach to supporting Sarawak’s economic development,” said Agrobank President and Chief Executive Officer Datuk Tengku Ahmad Badli.
“Agrobank aims to contribute to Sarawak’s overall economic development and financial inclusion goals, fostering growth and prosperity across diverse communities in the state.”
