RM65m allocated for young rural entrepreneurs


AN ALLOCATION of RM65 million has been set aside for young rural entrepreneurs under the Rural Economic Financing Scheme (SPED).

The scheme is based on the Sharia Ijarah Thummal Al-bai, Bai’ Bithaman Ajil, Bai Murabahah and Bai’ Dayn concepts. 

Those interested can apply at Bank Rakyat with a maximum loan amount of RM100,000.

Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar (centre) said from the total allocation, RM5 million will be distributed first. 

“So far, SPED has had 15 applications, and if we get a good response, the funds will be increased,” he said to the media during the Aducktive product launch ceremony to all Mesra Petronas networks yesterday.

Aducktive is a local brand of spicy salted egg cornflakes, which launched its latest product, the Spicy Salted Egg Nasi Lemak Cornflakes in conjunction with the Hari Merdeka month.

With over 100 registered agent branches and stores, the UV Legacy company successfully penetrated 44 Mesra Petronas branches.

Aducktive Food Sdn Bhd director Anif Azami (second from left) said this effort is a commitment in maintaining and improving Aducktive’s products.

“We try to ensure that it is guaranteed by obtaining the Jakim halal certificate and the Mesti KKM certificate to convince investors before marketing to a wider market,” he said.

He added that the idea to sell Aducktive through distributors was obtained during the Dubai Food Festival 2022 where he found the importance of cooperation with producers and distribution companies.

The company also aims to be the leading coated snack company in Malaysia with its high output, shifting production from manual labour to automation.