PM: RM50mil allocated for aspiring home food business owners

Photo: Bernama

SERDANG: RM50 million has been allocated by the Government to support individuals who want to begin home-based food businesses, says Datuk Seri Ismail Sabri Yaakob.

The Prime Minister said the allocation also applied to those purchasing machines for food business and the purchase of motorcycles for those intending to perform food delivery jobs through e-hailing platforms, among others.

ALSO READ: PM: Efforts against agricultural middlemen must continue

“This amount will be allocated through Agrobank under the Pemulih NewBiz Financing Fund, whereby it offers funding up to RM5,000 for the first stage and RM10,000 for the second stage," said Ismail Sabri.

“Applicants will also 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 60 months or five years,” he added when launching the Malaysia Agriculture, Horticulture and Agrotourism Exhibition (Maha) 2022 on Saturday (August 6).

Also present at the event was Agriculture and Food Industries Minister Datuk Seri Ronald Kiandee.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

Prosecution files appeal to set aside Peter Anthony's stay of conviction
Customs seize nearly 30,000 litres of contraband liquor worth RM3.4mil in Klang Valley
KL cops end 'chameleon' robber's crime spree
Ministry optimistic 'Buy Malaysian Goods Campaign' sales will grow 2.5% this year
Umno asks MACC to verify authenticity of allegedly leaked investigation papers
Be your own boss instead of looking for jobs, Jeffrey tells graduates
Transport Ministry instructs JPJ to clear backlog of driving licence candidates
Singaporean, Malaysian girlfriend charged with drug trafficking
Cops cripple 'Geng Seri' in Besut
Najib: My right to a fair hearing, life and liberty at stake

Others Also Read