Almost RM65m allocated to help Felda settlers, new generation, says PM

BERA (July 14): Prime Minister Datuk Seri Ismail Sabri Yaakob on Thursday (July 14) announced an allocation of almost RM65 million for the implementation of five initiatives to help Federal Land Development Authority (Felda) settlers and their new generation in various aspects, including housing. The initiatives include a fund of RM20 million under the Housing Credit Guarantee Scheme as collateral for housing loans to be made by the new generation of Felda settlers, so that they need not have to offer other collateral for a loan, thus facilitating the financing process for house construction in Felda generation lots. Ismail Sabri said Felda had also allocated a revolving fund of RM10 million to provide more opportunities to start a business or increase the capacity of the business to entrepreneurs among the younger generation of Felda settlers, involving interest-free loans of RM5,000 to RM20,000, with applications to open in August. “In a bid to provide necessary facilities for the new generation of Felda settlers to reside in its areas, Felda has previously implemented the Felda New Generation Project (PGBF). “This means, if the total rent paid for 36 months is RM10,800, then the price they have to pay for a middle unit worth RM90,000 will be reduced to only RM79,200,” he said when officiating at the Felda Settlers' Day 2022 celebration at Felda Rentam here on Thursday.

July 14, 2022 17:20 UTC

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