SERDANG: The government has allocated RM50 million for Malaysians, including graduates, who are keen to start a home-based food business under the Pemulih NewBiz Financing Programme.
Prime Minister Ismail Sabri Yaakob said the financing programme through Agrobank was also for the purchase of equipment to run the business or the purchase of a motorcycle for the purpose of food delivery through e-hailing platforms.
Ismail said up to RM5,000 would be offered for the first stage and RM10,000 for the second stage.
“Applicants will be given a moratorium for the first six months and charged a 3% profit rate for the seventh month with a maximum financing period of up to 60 months or five years,” he said when launching the 2022 Malaysian Agriculture, Horticulture and Agro Tourism Exhibition (MAHA 2022) here today.
Also present was agriculture and food industries minister Ronald Kiandee.