Agrofood Facility Scheme (AF)
Agrofood Facility Scheme (AF) has been fully utilised and is now closed
- Objective:
To increase food production for Malaysia and for export purposes
- Scheme Limit:
RM1.0 billion (non-revolving basis until expiry of the Scheme)
- Tenure of Financing:
Up to 8 years
- Availability/ Application Period:
From 6 March 2020 until the Scheme limit is fully exhausted or until expiry on 31 December 2021, whichever is earlier
- Purpose of Financing:
- Working Capital
- Capital Expenditure
- Agrofood projects
This guarantee scheme cannot be used to refinance existing facility granted by the same or other participating financial institutions
- Type of Facility:
Term Loan/ Term Financing, Overdraft/ Cash Line-i, Trade Facilities and Commercial Card
- Financing Limit:
Minimum: RM75,000.00 only
Maximum: RM5.0 million only
- Guarantee Coverage:
80% guarantee of the financing obtained from the participating financial institutions (including principal and interest/ profit) by the Government of Malaysia
- Guarantee Fee:
0.5% per annum payable upfront
- Source of Funds:
Bank Negara Malaysia via the participating financial institutions
- Interest/ Profit Rate:
Up to 3.75% per annum inclusive of SJPP's guarantee fee