The Terengganu government has introduced economic stimulus measures, including a moratorium for borrowers under a state-run microfinance scheme and an increase in fund allocation for entrepreneurs, to support rice farmers affected by global supply disruptions.
PETALING JAYA: The Terengganu government today announced the first phase of an economic stimulus plan aimed at addressing the impact of global supply disruptions. Menteri besar Ahmad Samsuri Mokhtar said several initiatives had been introduced to strengthen economic growth, support micro, small and medium-sized enterprises, and assist rice production activities.
They include a moratorium for borrowers under the Terengganu Sejahtera Entrepreneur Fund Scheme for seven months from June to December. This is expected to benefit 783 borrowers, involving uncollected loan repayments amounting to RM2.1 million.
“The state government has also agreed to increase the fund’s allocation by RM2 million in 2026 so that more entrepreneurs can be assisted,” Bernama reported him as saying today. Samsuri said a moratorium would also be given to about 400 borrowers under the Agricultural Capital Assistance Scheme from this month until April 2027, involving uncollected loan repayments amounting to RM2.9 million.
He said rice farmers would receive RM100 for every metric tonne produced, capped at RM1,000 per farmer for production exceeding 10 metric tonnes. A total of 4,513 rice farmers are expected to benefit from the allocation of RM3 million.
“The state government will also review the pricing for selected construction materials, with contract cost adjustments to reflect current fluctuations in building material prices. “Focus will also be given to implementing small-scale, high impact projects that are low-hanging fruit,” he said, adding that the state government would also carry out a needs-based realignment of the 2026 budget.
Economic Stimulus Plan Microfinance Scheme Agricultural Capital Assistance Scheme Rice Farmers Borrowers Monetary Relief State Government Assistance Review Of Construction Materials Pricing Implementation Of Low-Hanging Fruit Projects Realignment Of The State Budget
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