Government to review National Agricultural Policy
The government will review the National Agricultural Policy to increase the sector's contribution to the GDP and raise its importance to the level seen in other developed countries.
“Young and SME agropreneurs must be assisted through incentives, such as lower electricity tariffs and taxes on imported agricultural equipment,” he said after officiating Agrobank Business Dialogue 2019 in Kuala Lumpur today. He added that tax rates for farming and fishing equipment, such as ploughing machinery and fishing nets, should be reduced.“Besides ensuring profitability, the bank should also be more people-friendly to help small farmers in obtaining loans with a reasonable amount of financing.
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