Agrobank has officially launched AGROPLATS Biaya Plus-i, a financing scheme aimed at supporting micro-entrepreneurs registered under the Selangor Digital Platform (PLATS).
Agrobank president and group CEO Datuk Tengku Ahmad Badli Shah Raja Hussin said the initiative is a collaboration with the Selangor state government through Menteri Besar Selangor (Incorporated) (MBI Selangor). Eligible entrepreneurs can access financing of up to RM10,000, while the state government will cover RM1 million in profit rate costs for the entire financing period.
“This support reduces financial burden on entrepreneurs and allows them to focus on expanding their businesses,” Tengku Ahmad Badli Shah said during the Selangor Hawkers and Small Traders Day 2025 celebration.
The scheme reflects Agrobank’s commitment to empowering hawkers and micro-entrepreneurs, key contributors to national food security. Through collaboration with MBI Selangor, it aims to stabilise cash flow, strengthen operations, and promote business growth even in challenging economic conditions.
Tengku Ahmad Badli Shah added that AGROPLATS Biaya Plus-i will improve access to inclusive financing while encouraging entrepreneurs to engage more actively with PLATS’ digital ecosystem, which provides financing, training, and government programme support.
Selangor Menteri Besar Datuk Seri Amirudin Shari highlighted that entrepreneurs’ total online transactions at Agrobank-sponsored Ramadan bazaars this year exceeded RM7 million, noting that participation is expected to rise in 2026, driving stronger sales performance.
This initiative positions PLATS as Malaysia’s first comprehensive digital platform for hawkers and small traders, supporting both business growth and the state’s digitalisation agenda.
