Almost RM65mil allocated to help settlers, new generation of Felda, says PM

BERA: Prime Minister Datuk Seri Ismail Sabri Yaakob (pic) announced an allocation of almost RM65mil for the implementation of five initiatives to help the Federal Land Development Authority (Felda) settlers and its new generation in various aspects, including housing.

The initiatives include a fund of RM20mil under the Housing Credit Guarantee Scheme as the 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.