AGROFOOD FACILITY SCHEME

Eligibility & Requirements

• Applicable for Malaysian companies and for individual Malaysian residents holding at least 51% shareholding in the SME
• The fund shall only be used for working capital and/or capital expenditure for the development of agriculture projects, such as for purchasing machinery and equipment, or for the renovation cost for owner-occupied business premises
• Land cost may be included in the computation of the total project cost, provided that the amount does not exceed 30% of the total project cost and the land will only be used for primary food production activities
• Financing tenure shall not exceed 8 years from the date of the first drawdown
• SMEs must be registered with the Companies Commission of Malaysia, or authorities or district offices in Sabah and Sarawak
• A Government Guarantee of up to 90% may be obtained from SJPP with a guarantee fee of up to 1% to be payable upfront