Introduction to MyAgrosis

MyAgrosis, or the Agriculture Graduate Entrepreneurs Club, was recently launched on Saturday, 17 December 2011 by Malaysian Prime Minister Datuk Seri Najib Tun Razak. Upon the launching of the club, the PM stated that MyAgrosis would be able to take tertiary institutions to the core of the country's food production as well as help the country tackle its food import deficit.

"At the moment we are exporting RM18bil worth of food products a year but our import is RM30bil. We are faced with a huge deficit. So, MyAgrosis will help us patch it up with new approaches," Datuk Seri Najib said when launching the club and declaring open the Youth and Graduate Entrepreneurs Gathering at Universiti Teknologi Mara (UiTM), Merbok.

With a high cost of living due to the cost of food in the country, the population is burdened with a future of steadily rising prices of basic necessities. However, with an increase in food production though the efforts of MyAgrosis, this problem may ease many Malaysians in their day-to-day lives. MyAgrosis also received an allocation of RM30 million to help the development of its programme.

In addition to this, Datuk Seri Najib has stated that he had called on the cooperation from the Ministry of Agriculture and Agro-based Industry through its agencies: FAMA, Agrobank and TEKUN to assist in food production. Therefore, of the total Rm30 million,  RM10 million will go to Agrobank to provide guarantor-free loan scheme to MyAgrosis members with a ceiling amount of RM30,000 to venture into agro-businesses.

The rest of the amount will be allocated to Tekun Nasional and the Ministry of Agriculture and Agro-based Industry, with an allocation of RM10mil each. Tekun will provide funds for MyAgrosis participants while the ministry will provide facilities for MyAgrosis programmes such as hydroponics and water supply systems.

The new allocation for Agrobank brings the bank's total fund for the programme to RM20mil. Datuk Seri Najib said the provision of the funds marked the government's total support for MyAgrosis. With the support of the government agencies, it is hoped that this club will provide a platform for graduate students to become more dynamic towards identifying manners in which to improve the nation’s economical growth.

For more information on this topic, please refer to Utusan.