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Agrobank and MPOB speed up applications for oil palm smallholders
🇲🇾 Malaysia /Economy & Trade

Agrobank and MPOB speed up applications for oil palm smallholders

From Utusan Malaysia · () Malay

Translated from Malay and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Agrobank and the Malaysian Palm Oil Board launched TSPKS 2.0 to make applications and monitoring for oil palm replanting financing more efficient.
  • Agrobank has received 4,380 applications worth RM190.99 million, covering 12,197.11 hectares.
  • The scheme combines a 50% grant with 50% financing for eligible independent smallholders replacing old or less productive oil palm trees.

A new digital system from Agrobank and the Malaysian Palm Oil Board is designed to make it easier for oil palm smallholders to apply for replanting support and track their applications.

The TSPKS 2.0 platform allows both organizations to monitor applications through the same system. MPOB officers can upload information and supporting documents gathered during site visits, including photographs of plantations. Agrobank then updates application statuses so MPOB can follow up.

Through more structured information sharing between Agrobank and MPOB, action on each application can be taken more quickly and effectively.

— Datuk Tengku Ahmad Badli Shah Raja HussinThe Agrobank group president and chief executive described the benefit of the shared digital platform.

Agrobank has received 4,380 applications under the scheme, representing RM190.99 million in financing and covering 12,197.11 hectares. Group president and chief executive Datuk Tengku Ahmad Badli Shah Raja Hussin said the shared system would allow applications to be handled more quickly and effectively.

Agrobank will continue to leverage technology and strategic partnerships to facilitate the agricultural community’s access to the financial support they need.

— Datuk Tengku Ahmad Badli Shah Raja HussinHe outlined Agrobank’s approach to supporting oil palm smallholders.

“Through more structured information sharing between Agrobank and MPOB, action on each application can be taken more quickly and effectively,” he said. The bank would continue using technology and strategic partnerships to improve farmers’ access to financial support, he added.

TSPKS 2.0 is a government initiative for independent oil palm smallholders seeking to replace old or low-productivity trees. The program, continued from TSPKS 1.0, is carried out with the Plantation and Commodities Ministry, MPOB and Agrobank. Eligible applicants receive support split equally between a grant and financing, with the scheme intended to improve plantation productivity, farm resilience and long-term income.

This initiative not only helps smallholders carry out replanting in a more planned manner, but also supports increased productivity and the sustainability of the country’s palm oil sector.

— Datuk Tengku Ahmad Badli Shah Raja HussinHe linked the financing system to broader productivity and sustainability goals.
About this summary

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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