KUALA LUMPUR: The Securities Commission (SC) and Ministry of Agriculture and Food Security (KPKM) have established the Malaysian Innovation Agri-Financing Steering Committee (MIAF) to help agropreneurs grow and support the country’s food security.
SC chairman Datuk Seri Dr Awang Adek Hussin said the steering committee is a collaborative initiative that includes KPKM, Agrobank, Malaysia Digital Economy Corporation and the SC.
He noted that since inception in 2015, less than seven per cent of the funds raised through equity crowdfunding and peer-to-peer lending platforms has gone into agri-related businesses. In addition to financial support, market access and partnerships are also important for sustainable growth, he said.
"This ensures that agropreneurs have the financial backing and the business knowledge they need to grow their businesses," he said. In addition, ECF and P2P financing have continued to grow with more than RM4.4 billion raised since inception in 2015, benefitting over 7,200 MSMEs, with 26 times more financing for the agriculture sector in 2022, he said.
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