MDEC and CIMB Islamic offer financing for AgTech


Communications and Multimedia Minister Datuk Saifuddin Abdullah (pic) said this collaboration was important to ensure digital technology could be applied quickly as part of Malaysia’s efforts to advance the digital economy in line with the Malaysia Digital Economy Blueprint (MyDigital).

CYBERJAYA: The Malaysia Digital Economy Corp (MDEC) and CIMB Islamic Bank are providing RM25mil micro-financing as an initial funding package to drive the country’s agriculture ecosystem based on digital technology (AgTech).

Starting with an allocation of RM10mil, the programme offers funding of RM20,000 per applicant that will benefit 500 people and encourage farmers to adopt the use of technologies such as artificial intelligence (AI), big data analytics (BDA) and Internet-of-things (IoT)-based applications.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Digital , MDEC , CIMB , finance , AgTech ,

   

Next In Business News

Decarbonising cement: Are we ready?
After a homeowner passes
A stinky nuisance: When septic tanks burst
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Building a firm facade
Portfolio positioning under Trump era
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Sapura Energy ‘in a good place now’

Others Also Read