Agrobank allocates RM50mil for microfinancing via AgroPintar programme
Its group president Datuk Tengku Ahmad Badli Shah Raja Hussin said in a statement yesterday that the programme will support microenterprises through business and contract farming financing schemes to benefit more than 4,000 microentrepreneurs, particularly from the low-income communities.
"AgroPintar is a holistic programme that offers not just financing and i-TEKAD grant matching. It also has essential modules on entrepreneurship and business ethics," he said at the programme's launch yesterday.
"It places strong emphasis on financial literacy, covering areas such as financial management, credit risk control and debt management," he said.
Tengku Ahmad Badli Shah, who is also Agrobank's chief executive officer, said the ultimate goal is to enhance the competitiveness and decision-making capabilities of microentrepreneurs and help them make more effective business decisions.
Through structured guidance, participants will be equipped with the knowledge and tools to make sound financial and business decisions, ultimately improving their capacity to manage various aspects of their businesses efficiently.
"Furthermore, we will monitor the programme's impact and effectiveness six months later after the participants have joined," he said.
The programme aligns with the bank's mission to nurture resilient, forward-thinking and sustainable entrepreneurs over the long term, drive positive economic outcomes and foster social development among microentrepreneurs, the statement said.
The programme was spearheaded by the bank's centre of excellence (ACE) and microfinance division, reflecting its ongoing commitment to empowering microentrepreneurs across Malaysia.
At the same event, Agrobank also launched the financial literacy video series, developed in strategic collaboration with the Financial Education Network (FEN). The 12-episode series features popular social media influencer Sir Asai.
The initiative is tailored to promote financial awareness among school students using fun and accessible content. It aims to instil healthy financial habits through the 3S approach — Spend, Save and Share — and encourages the younger generation to adopt responsible money management from an early age.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
8 hours ago
- The Sun
Agrobank launches RM50m AgroPintar to support microentrepreneurs
PETALING JAYA: Agrobank has launched the Agro Pintar Niaga Programme (AgroPintar), an initiative designed to empower microentrepreneurs through a combination of financing, i-Tekad grant matching and structured entrepreneurship training to help them manage and grow their businesses sustainably. Group president/CEO Tengku Datuk Ahmad Badli Shah Raja Hussin said, 'AgroPintar is a holistic programme that offers not just financing and i-Tekad grant matching, but also essential modules on entrepreneurship and business ethics. 'It places strong emphasis on financial literacy, covering areas such as financial management, credit risk control and debt management. The ultimate goal isto enhance the competitiveness and decision-making capabilities of microentrepreneurs to help them make more effective business decisions,' he added. Ahmad Badli Shah said Agrobank has allocated RM50 million to facilitate microfinancing access through the programme, alongside an additional RM5 million in i-Tekad matching grants. 'The programme will support microenterprises through business and contract farming financing schemes, aiming to benefit more than 4,000 qualified microentrepreneurs, particularly from low-income communities.' 'We believe this initiative will not only drive positive economic outcomes but also foster social development among microentrepreneurs,' he said, adding that through structured guidance, participants will be equipped with the knowledge and tools to make sound financial and business decisions, ultimately improving their capacity to manage various aspects of their businesses efficiently. Agrobank will monitor the programme's impact and effectiveness six months after participants join. The AgroPintar Programme is spearheaded by Agrobank's Centre of Excellence and Microfinance Division, reflecting Agrobank's ongoing commitment to empowering microentrepreneurs across Malaysia. At the same event, Agrobank also launched a financial literacy video series developed in collaboration with the Financial Education Network. The 12-episode series features popular social media influencer Sir Asai. This initiative is tailored to promote financial awareness among school students using fun and accessible content. It aims to instil healthy financial habits through the 3S approach – Spend, Save and Share – encouraging the younger generation to adopt responsible money management from an early age.
The Sun
10 hours ago
- The Sun
Nasi Berlauk Juedin offers Rahmah price to help community
KUALA NERUS: Despite rising food costs, a dedicated couple continues to serve budget-friendly meals at their eatery, Nasi Berlauk Juedin, to help those struggling with expenses. Sabarudin Ramli, 42, and his wife, Ajuma' Arasikim Din, 41, introduced a 'rahmah' pricing model three weeks ago, offering mixed rice with various dishes for just RM5 per plate. Sabarudin shared that the idea came after hearing customers' difficulties with living costs. 'Previously, our prices were standard, but we wanted to make a difference,' he said. The couple starts their day at 4 am to prepare over 30 dishes, including popular choices like ikan patin masak tempoyak and ayam berempah. Since gaining attention on TikTok, their eatery has seen a surge in customers, with many arriving as early as 10 am. 'We serve about 300 people daily now, and food often sells out by 1.30 pm,' Sabarudin added. Despite the low prices, quality remains uncompromised, with seafood dishes like prawns priced at only RM4. Customer Muhammad Asyraf Haniff Zaki, 35, praised the initiative. 'For RM30, my family enjoyed a full meal that would usually cost RM50 elsewhere. More traders should follow this example,' he said. - Bernama
Barnama
11 hours ago
- Barnama
Nasi Berlauk Juedin Offers ‘Rahmah' Price To Help The Less Fortunate
KUALA NERUS, July 6 (Bernama) -- Although the prices of essentials have gone up, a husband-and-wife team running a food stall continues to serve a variety of dishes at affordable 'rahmah' prices. Driven by a desire to ease the burden of the less fortunate, Sabarudin Ramli, 42, and his wife, Ajuma' Arasikim Din, 41, are determined to sell 'nasi campur' (mixed rice) with various dishes at just RM5 per serving at their eatery, Nasi Berlauk Juedin. Sabarudin said that although their profit margin is small, he is content knowing that he is able to help his customers, especially those with large families. 'I started this business in 2014 with a budget rice menu priced at RM2.50 from a small stall in Kuala Nerus before we moved to our current location six years ago. 'The 'rahmah' concept was introduced just three weeks ago. Previously, our prices were like any regular eatery. But after many customers shared their struggles with the rising cost of living, my wife and I decided to make a change,' he said when met at his eatery in Kampung Tok Jiring here today. Every day, the couple rises at 4 am to prepare more than 30 dishes, assisted by four employees. Among the most popular menu items are ikan patin masak tempoyak, ayam berempah, udang masak lemak cili api, ikan tiga rasa and kerabu pegaga. For the past three weeks, their eatery has been frequented by customers from Kuala Terengganu, Kuala Nerus and Marang. 'Ever since my eatery went viral on TikTok, we've been getting a non-stop stream of customers. They arrive as early as 10 am to dine in, and many also pack various dishes to take home.
