PUTRAJAYA: The Ministry of Agriculture and Food Industries (MAFI) has allocated RM21 million for the Agro-Youth Entrepreneur Scheme (Agro-YES), which offers financing of up to RM500,000 for young people in the field of agricultural entrepreneurship.
Agriculture and Food Industries Minister Datuk Seri Ronald Kiandee said Agro-YES, which is a rebranding of the Young Agropreneur Special Financing managed by Agrobank, was improved among others through reducing bureaucracy in the application chain and processing time.
Previously, he said all applications for funding had to go through departments or agencies under MAFI for recommendation before being submitted to Agrobank.
“With the current improvement, applications can continue to be made to Agrobank. The processing period was also shortened to 14 days compared to two months previously," he told the media after launching Agro-YES here yesterday.
Ronald said the financing under Agro-YES involved repayments of up to seven years with an interest rate of two per cent.
Last year, the number of young people who obtained grants and funding was 1,159 involving RM23 million compared to only 764 people with RM13.7 million in 2019, he said.
"We want to see young people aged 18 to 40 involved in the field of agriculture not only as farmers and livestock breeders but in the entire industry chain," he said.
Asked about the development of the proposed insurance scheme for the agriculture and agrofood industry, Ronald said the matter was still under discussion and Agrobank was tasked with formulating an appropriate form of policy.
He said insurance had become a necessity for industry players to see the country's agrofood sector fully developed.
Ronald was reported to have said that the insurance scheme was seen as necessary because the source of income of farmers was often affected due to natural disasters every year.
-- BERNAMA
Bernama
Fri Mar 19 2021
Datuk Seri Dr Ronald Kiandee witnessed the handing over of Agro-Yes Financing by MAFI Sec-General Datuk Haslina Abdul Hamid (R) to Agrobank's Acting President/CEO, Khadijah Iskandar (L) at the launch at MAFI. BERNAMApic
WEF: TotalEnergies setuju tingkat pelaburan di Malaysia - PM
TotalEnergies menyatakan komitmen dan bersetuju untuk mempertingkatkan pelaburan dalam sektor huluan minyak dan gas serta terus meneroka peluang dalam bidang penyimpanan karbon di Malaysia.
Kanak-kanak Malaysia tidak cukup belajar di sekolah - Laporan Bank Dunia
Laporan baharu Bank Dunia bertajuk “Bending Bamboo Shoots: Strengthening Foundation Skills" memberi gambaran membimbangkan tentang sistem pendidikan Malaysia.
Mesyuarat Khas WEF: Dunia perlukan persaingan sihat dalam transisi ke Orde Baharu - Menteri Luar Arab Saudi
Menteri Luar Negeri Arab Saudi, Putera Faisal bin Farhan Al Saud berkata dunia memerlukan persaingan sihat dalam transisi daripada Orde Dunia Lama kepada Orde Baharu. Jelasnya, persaingan ini akan memberi manfaat dalam bentuk kos pengeluaran lebih rendah, perkembangan inovasi dan pelaburan lebih baik.
Mesyuarat Khas WEF: Dunia saling tidak percaya akibat kebergantungan dipersenjatakan - Naib Presiden Suruhanjaya Eropah
Naib Presiden Suruhanjaya Eropah, Josep Borrell Fontelles berkata fenomena hilang kepercayaan yang melanda komuniti antarabangsa ketika ini adalah akibat kebergantungan yang dipersenjatakan oleh beberapa pihak. Jelasnya, situasi ini boleh membawa kepada pengasingan negara-negara tertentu dari pentas global, seterusnya menghambat pelaksanaan agenda antarabangsa.
Lyon bantu PSG sahkan gelaran Ligue 1
Paris Saint-Germain (PSG) dinobatkan sebagai juara Ligue 1 selepas Lyon mengatasi Monaco 3-2.
KazanForum-2024: Pakar dari Rusia dan negara Islam disatukan berbincang trend kandungan media
Forum Ekonomi Antarabangsa XV "Russia - Dunia Islam: KazanForum" akan diadakan pada 14-19 Mei 2024 bertempat di Republik Tatarstan, Kazan.
Principal Malaysia: Where you diversify your investment
Considering planting the seeds for your financial future? At Principal Malaysia, we'll help you water, fertilize, and harvest your investments for a potentially fruitful future. Just like a seed needs the right environment to flourish, we offer a variety of investment solutions tailored to your risk tolerance and goals. We're here to help you grow your financial potential! #InvestingMadeEasy #PrincipalMY #PrincipalMalaysia
Kerjasama bersepadu Persekutuan, Negeri selesai isu prasarana sekolah daif Sabah
Kerajaan Sabah akan terus menjalin kerjasama erat dengan kerajaan Persekutuan dalam usaha memberi suasana dan nafas baharu kepada prasarana sekolah di negeri itu.
Pantau Belanjawan: Tadbir Urus: ‘Spot check’ nilai prestasi penjawat awam
Semua ketua jabatan kerajaan perlu membuat semakan mengejut bagi memerhati pelaksanaan kerja kakitangan bawahan bagi memastikan tiada amalan negatif berlaku dalam jabatan masing-masing agar perkhidmatan awam kekal cekap, relevan dan berkesan. Apakah kaedah dan pendekatan terbaik untuk melaksanakan usaha ini?
Leftenan Muda Min Youn satu-satunya penuntut bangsa Cina tamat latihan Komando GGK 2024
Min Youn yang berasal dari Setapak, Kuala Lumpur itu merupakan graduan perakaunan daripada Universiti Tunku Abdul Rahman (UTAR).