How will RM65 million help Felda’s new generation settle better?

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Nearly RM65 Million Allocated to Enhance Living Standards for Felda's New Generation

Prime Minister Datuk Seri Ismail Sabri Yaakob announced a comprehensive package of nearly RM65 million aimed at improving the lives of Federal Land Development Authority (Felda) settlers and their descendants. This significant allocation will fund five key initiatives focusing on housing, entrepreneurship, and infrastructure development, directly addressing the needs of the new generation of Felda settlers. These measures are designed to facilitate homeownership, stimulate economic opportunities, and improve the overall living environment within Felda settlements.
Housing Finance Facilitated Through RM20 Million Guarantee Scheme

A substantial RM20 million has been earmarked for a Housing Credit Guarantee Scheme. This initiative is specifically designed to assist the new generation of Felda settlers by providing collateral for housing loans. By removing the need for personal collateral, the scheme aims to streamline and facilitate the financing process for individuals seeking to construct homes on Felda generation lots, thereby making homeownership more accessible.
RM10 Million Revolving Fund to Boost Young Entrepreneurship

Felda has established a RM10 million revolving fund to empower young entrepreneurs within the Felda community. Starting in August, this fund will offer interest-free loans ranging from RM5,000 to RM20,000. The objective is to provide the younger generation with capital to initiate new businesses or expand existing ones, fostering economic independence and creating new opportunities within Felda settlements.
Rent Payments Credited Towards Home Ownership for 2,025 Occupants

In a move to support existing residents, rent paid by 2,025 occupants of the Felda New Generation Project (PGBF) will now be counted as a deposit towards the eventual purchase of their homes. For instance, rent amounting to RM10,800 paid over 36 months would reduce the purchase price of a RM90,000 middle unit to RM79,200. This policy directly benefits current PGBF residents by acknowledging their rental contributions as a step towards home ownership.
RM21 Million for Infrastructure Upgrades Across 317 Settlement Areas

A special development allocation of RM21 million, comprising RM66,000 for each of the 317 Felda settlement areas, will be directed towards infrastructure repair and upgrades. This funding is intended to improve essential public amenities and facilities within the settlements, thereby enhancing the quality of life and living environment for all residents.
Educational Programme Reform to Foster Professional and Religious Excellence

The Felda MRSM Premier programme is set to be transformed into the Ulul Albab Programme from the 2023 academic year. This educational reform aims to cultivate a new generation of Felda youth who not only excel in professional fields but also adhere to religious principles, aligning with the Al-Quran and Sunnah. This initiative focuses on holistic development for Felda's future leaders.

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How will RM65 million help Felda’s new generation settle better?

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