AGROFOOD FACILITY-i (AF)
AGROFOOD FACILITY-I FOR FOOD PRODUCTION
Agrofood Facility-i (AF-i) is a financing scheme for SMEs and micro enterprises to increase food production for domestic consumption and exports.
Agrofood production
Supports projects that increase food production for local consumption and export markets.
3.75% p.a.
Fixed annual rate for clearer repayment planning.
Up to 5 years
Financing tenure for working capital, capital expenditure, and agriculture project development.
Up to RM50,000
Financing amount available for eligible agrofood and micro enterprises, subject to approval.
FUNDING FOR AGROFOOD BUSINESS GROWTH
Use AF-i for working capital, capital expenditure, and development of agriculture projects.
1.
Working capital
Support operating expenses, cash flow, production inputs, and day-to-day agrofood business needs.
2.
Capital expenditure
Finance equipment, facilities, tools, or assets needed to improve agrofood production capacity.
3.
Agriculture project development
Develop agriculture projects that support food production for domestic consumption and export.
PREPARE BEFORE YOU APPLY
Check the core eligibility points and prepare the documents needed for financing review
Eligible micro enterprises
This scheme is open to all eligible micro enterprises involved in agrofood or food production activities.
Malaysian owned and registered
The business must be Malaysian owned and registered with Suruhanjaya Syarikat Malaysia (SSM) or Local Authority (LA).
Agrofood activity
The financing should support food production, agriculture project development, working capital, or capital expenditure.
Accounts to prepare
Prepare the latest 2 years audited, certified, or management accounts for financing review.
Documents to prepare
Prepare business registration with SSM and/or business license with District Council, Municipal Council, Local Authority, operating permit, or Partnership Deed if applicable; IC copies for sole proprietor, partners, or directors; and any supporting documents required by the bank.
GROW FOOD PRODUCTION WITH BSN MICRO FINANCING
Register your interest and let BeanSE guide you through the next step for Agrofood Facility-i financing.
