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Financial relief for agriculture, food, commodity sectors [NSTTV]

KUALA LUMPUR: The government has set aside more than RM350 million under the RM35 billion Economic Recovery Plan (Penjana) to provide financial relief for agriculture and food players affected by the Movement Control Order.

Prime Minister Tan Sri Muhyiddin Yassin said the government has allocated RM350 million in micro credit financing under 'Dana Agrofood' (Agrofood Fund) to ensure sustainability in the agricultural and commodity sectors.

"The government will also empower the agriculture workforce mobility through incentives provided for pioneer companies to train and educate workforce to explore opportunities in agriculture and plantations.

"In addition, urban farming workforce will be provided RM500 per person assistance and RM50,000 per community," the prime minister said in his speech at the unveiling of Penjana today.

To support the commodity sector, Muhyiddin said the government had agreed to give 100 export duty exemption from July 1 and Dec 31 this year to crude palm oil, crude palm kernel oil and refined bleached deodorised palm kernel oil players.

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