Agrobank Launches Exclusive Cash Line Facility for Staff of the Ministry of Agriculture and Food Security and Its Agencies
Agrobank today announced the launch of its Program Skim Istimewa Kakitangan Kerajaan, an exclusive cash line financing programme designed for eligible staff of the Ministry of Agriculture and Food Security (MAFS) and its agencies who have their salary accounts maintained with Agrobank. The programme offers a convenient cashline facility of up to RM15,000 with a tenure of up to five years at a competitive profit rate of Standardised Base Rate (SBR) + 3.45% per annum.
The facility is structured under Islamic Tawarruq financing which integrates both salary crediting and cash line access through a single account. Customers can enjoy seamless transactions nationwide via Agrobank branches, ATMs, AGROAgent services and AGRONet Internet Banking.
Group President/Chief Executive Officer of Agrobank , Dato’ Tengku Ahmad Badli Shah Raja Hussin said, “This programme underscores Agrobank’s commitment to supporting the dedicated staff and agencies of MAFS, who are instrumental in driving Malaysia’s sustainable agriculture and food security initiatives. By providing government employees with convenient access to emergency financing while fostering a stable deposit base, Agrobank contributes to strengthening the financial ecosystem that supports the nation’s agricultural development goals.”
The launch was officiated by Datuk Seri Isham Bin Ishak, Secretary-General of the Ministry of Agriculture and Food Security.