Over $3.1 million has been distributed to 34 farmers under the Agricultural Finance Support Programme.

The Agriculture Ministry says the Agro-Incentive Grant is a key element of its vision for a modern, competitive, and sustainable agricultural sector.

During a distribution event on Saturday, Minister Kazim Hosein said the grants not only fund projects, but also empower individuals.

According to the Ministry, the 34 grant recipients represent a diverse cross-section of the sector, including small-scale farmers and large agribusinesses.

It says the funds will be used for various innovative projects such as state-of-the-art irrigation systems, hydroponic systems, solar panel installations, shade houses, and farm improvements to meet Good Agricultural Practices standards, investments in new breeding stock for livestock, and advanced fishing equipment.

The Minister also highlighted the recently launched Farmers’ Registration Portal.

This aims to enhance accessibility to Ministry services and Mr Hosein is encouraging individuals to use it to apply for the farmers’ badge.

By obtaining the badge, farmers and fisherfolk can benefit from the Agricultural Incentive Programme which includes cash rebates and exemptions across 92 categories, supporting needs such as vehicle purchases, integrated pest management systems, and advancements in livestock, tree crops, and agro-processing.

He says it will also provide access to a variety of grants, incentives, and programmes offered by the Ministry.