BNM Agrofood Facility (AF)
BNM Agrofood Facility (AF) is a financing scheme established by BNM to increase the agrofood production for Malaysia and for export purposes through the provision of financing at affordable rates, with a total allocation of RM2 billion. This includes financing viable projects involving primary agrofood production (upstream), agrofood processing/manufacturing, or other agrofood downstream activities.
| Key Features | |
|---|---|
| Scheme Name | BNM Agrofood Facility (AF) |
| Objective |
Provide financing for SMEs to increase agrofood production for Malaysia and for exports |
| Eligibility | Malaysian SMEs¹ that fulfil the following criteria:
|
| Purpose of Financing |
Eligible agrofood activities are viable projects involving primary agrofood production (upstream), agrofood processing/ manufacturing, or other agrofood downstream activities. Half of the total production is sold in the domestic market, supportive of domestic primary agrofood production.
(Not for refinancing of existing financing facilities) |
Maximum Tenure |
Up to 8 years |
Financing Limit |
Up to RM5 million |
Financing Rate |
Up to 3.75% p.a. (inclusive of guarantee fee, if any) |
Guarantee |
Guarantee scheme by Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) / Credit Guarantee Corporation (CGC) |
Note: The final approval on financing granted is subject to Bank credit assessment and discretion.
For further information or enquiries, please leave your contact details by clicking on the I’m Interested button and our Relationship Managers will reach out to you.
For our existing customers who are interested, you can apply for this financing through your dedicated Relationship Managers.
