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Prime Minister Datuk Seri Ismail Sabri speaks through the launch of Malaysia Agriculture, Horticulture, and Agrotourism (Maha) 2022 expo in Serdang August 6, 2022. ― Image by Shafwan Zaidon
By Radzi Razak
Saturday, 06 Aug 2022 2:07 PM MYT
SERDANG, Aug 6 — Prime Minister Datuk Seri Ismail Sabri Yaakob at this time introduced an extra RM200 million for a low-cost financing scheme aimed to extend the nation’s meals output.
With the RM200 million top-up to the present allocation of RM800 million below the Keluarga Malaysia Agrofood Financing Fund (DPAKM), the native agro-food farming neighborhood will be capable to faucet into funds price RM1 billion.
“With the intention to enhance the nation’s meals manufacturing, Mafi by way of Agrobank has allotted as a lot as RM800 million to the agricultural neighborhood below the DPAKM.
“Following the overwhelming response, the federal government agreed so as to add one other RM 200 million in low-cost financing funds to make it RM 1 billion for the advantage of our total agro-food farming neighborhood,” Ismail Sabri stated in his speech whereas launching the Malaysia Agriculture, Horticulture & Agrotourism 2022 exhibition right here this morning.
Mafi is the acronym for the Ministry of Agriculture and Meals Industries.
In his speech, Ismail Sabri additionally known as on the ministry to proceed a “jihad” towards middlemen whom he blamed for the present steep costs of products within the nation.
Whereas the Arabic time period is often utilized in violent fight, its use by Muslims usually means exerted efforts.
Ismail Sabri stated it can be crucial for the federal government to go all out towards these intermediaries who disrupt value controls in order to make sure stability in meals provide at reasonably priced means to shoppers.
“I as soon as declared a ‘jihad towards middlemen’ in 2014 after I headed the Ministry of Agriculture and Agro-based Business due to the actions of middlemen who exploit farmers and fishermen by manipulating costs available in the market.
“This jihad must be continued by Mafi by way of a provide chain management technique in collaboration with the companies below it akin to establishing a paddy shopping for centre, a fruit assortment heart, the addition of a farmer’s market and a fisherman’s market,” he stated.
Ismail Sabri stated the federal government takes a severe view of meals safety within the nation and had made the agro-food sector a precedence within the twelfth Malaysia Plan.
He added that the agro-food sector is anticipated to develop at a charge of 4.5 % per yr, making it a significant financial contributor.
“We have to transfer in step with the newest tendencies that emphasize meals security, meals provide assurance, diet and likewise sturdiness within the nation’s meals system,” he stated.
As a part of a measure to strengthen the nationwide meals safety system, Ismail Sabri stated the federal government by way of MAFI will introduce the Agrofood Takaful Insurance coverage Scheme involving your entire agrofood sector.
For starters, the paddy and rice sub-sector has been chosen as a pilot challenge of the Ministry that can profit a complete of 189,500 rice farmers earlier than being expanded in levels to different sectors akin to fisheries, crops and different sub-sectors of the meals business.
“This scheme goals to scale back the monetary implications of crop loss following pure disasters akin to floods and droughts in addition to illness outbreaks.
“The rice farmers shall be ensured to obtain commensurate damages or compensation within the occasion of disruptions to the nation’s rice manufacturing productiveness akin to pure disasters or illness outbreaks,” he stated.
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