The Finance Ministry will be providing a special allocation of RM77 million as aid to Federal Land Development Authority (Felda) settlers.
The Finance Ministry will be providing a special allocation of RM77 million as aid to Federal Land Development Authority (Felda) settlers.
In a statement today, Finance Minister, Lim Guan Eng, said he views the critical state of Felda’s cash flow this year seriously.
"Prime Minister, Tun Dr Mahathir Mohamad, instructed the help be given," he said.
Lim said a sum of RM1.2 million will go to the heirs of 120 deceased settlers as a funerary benefit, RM43 million is to settle a Felda Technoplant Sdn Bhd debt, while RM32.8 million consists of living assistance and upfront payment for crop yield which will benefit 38,000 Felda settlers.
The 2018 allocation of RM77 million will be administered by the Economic Affairs Ministry which oversees Felda.
– Bernama
