RM50 million for new home-based food entrepreneurs

Prime Minister Ismail Sabri Yaakob says the government has set aside RM50 million for people keen to start a home-based food business under the Pemulih NewBiz Financing Programme. – The Malaysian Insight file pic, August 6, 2022.

THE government has allocated RM50 million for individuals including graduates who are keen to start a home-based food business under the Pemulih NewBiz Financing Programme, Ismail Sabri Yaakob said.

The prime minister said the Agrobank scheme was also for the purchase of machines for food businesses or the purchase of motorcycles for the purpose of food delivery through the e-hailing platform.

Ismail said up to RM5,000 would be offered in the first stage and RM10,000 in the second.

“Applicants will be given a moratorium for the first six months and charged a 3% profit rate for the seventh month with a maximum financing period of up to 60 months or five years,” he said when launching the 2022 Malaysian Agriculture, Horticulture and Agro Tourism Exhibition (Maha 2022) in Serdang, Selangor, today.

Also present was Agriculture and Food Industries Minister Dr Ronald Kiandee. – Bernama, August 6, 2022.

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