KENINGAU: Agrobank plays an important role in helping to strengthen the agro-food ecosystem through various initiatives and services tailored to benefit farmers, breeders, fishermen and agro-food industry players, said Agriculture and Food Security Deputy Minister Datuk Arthur Joseph Kurup.
According to him, as a development financial institution, Agrobank bears the responsibility of strengthening the country’s food security through its financing activities.
He said Agrobank offers financing that spans beyond agricultural activities to cover every component within the agricultural value chain, in line with the aspirations of the Ministry of Agriculture and Food Security and the Government.
“Agrobank plays a vital role in helping the agro-food ecosystem by providing financing, business support, consulting services, industry networks and innovation support.
“This helps support the development of the agro-food sector as well as economic growth and the well-being of rural communities,” he said in his speech at the launch of the Agrobank 2024 Chinese New Year Celebration Campaign, here.
Agrobank Chief Operating Officer Zahid Ahmad Zawawi was present.
Arthur, who is also Pensiangan MP, said Agrobank not only provides financing but also empowers businesses with entrepreneurial skills through the Agrobank Centre of Excellence (ACE), where industry experts impart knowledge in the form of training and technical guidance.
Additionally, Agrobank is offering RM888 to 50 lucky customers through the Heng Loong Huat campaign.
“It is aimed to encourage Agrobank customers to make cashless payments using Agro Debit-I and promote saving and prudent financial practices through AgroPrimaS.
“Initiatives like this are highly encouraged to ensure every Agrobank merchant and customer has cash reserve
or savings in case of any untoward incident,” said Arthur.
He said the Ministry would continue to support initiatives undertaken by departments and agencies to cultivate agri-community businesses, thereby revolutionising transactions in the industry with cash-free methods.
“I understand that this initiative is not the first for Agrobank because it has launched many campaigns of this nature.
The most interesting was the offer of Tesla luxury cars through the Agrobank’s Mega Million campaign, which will end in September this year,” he said.
