RM100 million to finance co-ops in the agro-food sector

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PAPAR: The Ministry of Entrepreneur Development and Cooperatives (Kuskop) has allocated RM100 million to finance cooperatives involved in the agro-food sector.

PAPAR: The Ministry of Entrepreneur Development and Cooperatives has allocated RM100 million to finance cooperatives involved in the agro-food sector.

“Cooperatives involved in the agro-food sector can help support the country’s food supply chain and food security,” he said in a statement after visiting a chicken farming site developed by Koperasi Kinabalu Lestari Berhad in Kinarut, near here. “That’s why I would like to offer financing assistance of RM100,000 under the Start-up Financing Scheme to Kokina as a show of support for this cooperative enterprise,” he said.Meanwhile, Ewon said SKM registered 1,001 new cooperatives in 2023, marking a record for the most registrations in a single year.

 

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