HLB BNM Agrofood Facility (AF)

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BNM Agrofood Facility (AF)

BNM Agrofood Facility (AF)

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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 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:

  • Registered with the Companies Commission of Malaysia (SSM), or authorities/district offices in Sabah and Sarawak, statutory bodies for professional service providers.

  • Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%.

  • Malaysians residing in Malaysia that hold a minimum of 51% shareholding in the business.


¹As defined by SME Corp. Malaysia’s Guideline for SME Definition, accessible at https://www.smecorp.gov.my/images/pdf/2021/Guideline_on_SMEDefinition_Updated_Sept2020_Final.pdf

Purpose of Financing
  • Capital expenditures

  • Working Capital

  • Development of agrofood projects

 

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.

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