PUTRAJAYA, July 5 — Cooperatives in the agrofood sector can apply for easy loans through the Cooperative Commission of Malaysia (CCM) to expand their activities, says...
PUTRAJAYA, July 5 — Cooperatives in the agrofood sector can apply for easy loans through the Cooperative Commission of Malaysia to expand their activities, says Entrepreneur Development and Cooperatives Minister, Tan Sri Noh Omar.
“Definitely they will want to expand their agrofood production activities such as by increasing their chicken coops or acquiring more land for farming, hence supporting the government’s intention to enhance this industry and strengthen our national food security,” he said at a media conference at the ministry’s appreciation ceremony, here, today.
Noh said no collateral would be required when applying for the loans and the borrowers would not be subjected to the conditions like that imposed by banks, so as to facilitate their agrofood expansion activities.
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