KUALA LUMPUR, Dec 14 (Bernama) -- Driven by its mission to ensure the stability of agriculture sector especially in agrofood industry, Agrobank had on 12 December 2020 launched a special publication entitled ‘Kesan COVID-19 dan Jaminan Bekalan Makanan Negara – Isu, Cadangan dan Solusi’.
The publication is a compilation of articles by key industry players in the agriculture sector which analysing the issues, challenges and solutions related to food security due to COVID-19.Report on the Global Food Crisis 2020 (GRFC) stated that COVID-19 can result in further deterioration of food security to acute or critical levels in the current population of the world.
According to Dato’ Mustapha Buang, Chairman of Agrobank, “The publication of this book is timely and it is part of Agrobank’s initiative in assisting the agriculture community whilst ensuring the sustainability and stability of the nation’s food supply in facing the threat of any crisis.”
As a Development Financial Institution (DFI) with mandate to support the growth of agriculture sector in Malaysia, Agrobank remains committed to providing various financing programmes and initiatives to its customers. This publication for instance can be obtained for free and in line with its vision which is Advancing Agriculture Beyond Banking.
In providing access to financing for agropreneurs, Agrobank is actively carried out various financing programmes for entrepreneurs who are affected by the pandemic by providing ‘Agromakanan Fund’ under PENJANA. From January to October 2020, Agrobank has approved more than 4,600 micro financing applications with a total financing of RM202,714,320.03.
Agrobank also offers support and flexibility to its customers who are affected by COVID-19 and may be entering a phase of financial uncertainty especially to businesses in agrofood industry by offering a restructuring and rescheduling (R&R) programmes. To date, Agrobank has approved over 9,000 R&R applications to micro, corporate, commercial and consumer customers affected by the COVID-19 pandemic to ease their cash flow.
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