BUSINESS

KPPK TO STUDY POSSIBILITY OF RESTRUCTURING TSPKS SCHEME

11/11/2020 08:56 PM

KUALA LUMPUR, Nov 11  -- The Ministry of Plantation Industries and Commodities (KPPK), which is aware of smallholders’ needs and wants, is studying the possibility of restructuring the Oil Palm Smallholders Replanting Financing Scheme (TSPKS) particularly for specific target groups such as the Bottom 40 per cent household income group (B40).

Minister Datuk Dr Mohd Khairuddin Aman Razali said, however, this is subject to the government's financial capability.

He was replying to a question from Datuk Ngeh Koo Ham (PH-Beruas) who wanted to know why the ministry stopped giving replanting fund to oil palm smallholders and whether the ministry would reinstate the allocation.

With the commencement of the 11th Malaysia Plan (11MP), the Smallholders Oil Palm Replanting Scheme  (TSSPK) provided during the 10MP has been converted from grants to loans and is known as the TSPKS scheme.

"The TSPKS scheme has been designed so as not to burden the smallholders with a low interest rate of two per cent, a moratorium period of 48 months and no collateral," he said.

This change is in line with the government's current policy for oil palm replanting programmes undertaken by other agencies such as the Federal Land Consolidation and Rehabilitation Authority, Sarawak Land Development Authority, Sabah State Land Development Board, Sarawak Land Consolidation and Rehabilitation Authority and the Federal Land Development Authority.

-- BERNAMA

 

 

 


 


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