Agrobank receives RM4 mln additional Sarawak Micro Credit Scheme funds

KUCHING: Agrobank has received Sarawak Micro Credit Scheme additional funds worth RM4 million from the state government.

The handing-over ceremony was held in conjunction with Agrobank Sarawak’s Festive Open House held here recently, according to a release.

“Such additional funds channelled by the state government will benefit the B40 (low-income) group and local entrepreneurs in Sarawak, and empower microentrepreneurs and small and medium enterprises (SMEs),” said Agrobank president and chief executive officer Datuk Tengku Ahmad Badli Shah Raja Hussin in a release.

He said Agrobank was committed to not only allocating funds to the agricultural sector, but also offering financing services to the service sector, especially those contributing to the food chain system.

He added that the additional funds would open up more opportunities for players in various industries, including agriculture and fisheries, to help boost the national economy.

On hand to present the cheque was advisor to the Ministry of International Trade, Industry and Investment, Dato Sri Mohd Naroden Majais.

Deputy Premier Datuk Amar Awang Tengah Ali Hasan, also Minister for International Trade, Industry and Investment, witnessed the ceremony.

Agrobank and its strategic partner Sarawak State Farmers Organisation have been collaborating in developing the agriculture and fisheries industries in Sarawak.

Sarawak Micro Credit Scheme is a financial assistance in terms of soft loans to B40 entrepreneurs and SMEs.

For more information about the scheme, go to www.agrobank.com.my, or any Agrobank branch in Sarawak.