Finance Ministry allocates RM77m to FELDA settlers

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KUALA LUMPUR (Dec 20): The Ministry of Finance (MoF) has provided a special allocation of RM77 million to assist the settlers of Federal Land Development Authority (FELDA) to settle overdue payments in the current year.

In a statement today, Minister of Finance Lim Guan Eng said the ministry has noted FELDA's critical cash flow issue this year, which has come to the attention of Prime Minister Tun Dr Mahathir, who directed the assistance to be given.

The allocation of RM77 million is to assist FELDA settlers to settle outstanding payments, which include mortality payments totalling RM1.2 million to beneficiaries of 120 deceased settlers, payment of arrears to Felda Technoplant Sdn Bhd for the land development operation of RM43 million, as well as subsistence and advances for replanting amounting to RM32.8 million for the benefit of 38,000 people.

The MoF will channel the allocation for 2018 of RM77 million to the Ministry of Affairs Economy as it regulates FELDA.