BEAUFORT, Nov 26 (Bernama) -- Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has agreed that the debts for land development under Felcra Berhad’s (Felcra) Consolidation and Rehabilitation projects that are categorised as less viable projects nationwide be written off in stages over a period of five years.
Zahid, who is also the Minister of Rural and Regional Development (KKDW), said the implementation of the debt write-off, however, would depend on Felcra’s financial position, which must remain stable from year to year.
He explained that although Felcra is a corporate entity under the Minister of Finance Incorporated, KKDW is fully responsible for ensuring that the agency is well-managed and continues to benefit settlers across the country.
“We know Felcra was established to help the people, especially smallholders, by consolidating their efforts and enabling them to prosper together.
“When I was given this responsibility, the focus was not only on Felcra’s profits, but also on the overall welfare and benefits for its settlers.
“So, I agree with the request to write off the debt in stages,” he said at the Felcra MADANI Santuni Rakyat @ Lumadan programme at Dataran Bagandang here today.
He explained that although Felcra is a corporate entity under the Minister of Finance Incorporated, KKDW is fully responsible for ensuring that the agency is well-managed and continues to benefit settlers across the country.
“We know Felcra was established to help the people, especially smallholders, by consolidating their efforts and enabling them to prosper together.
“When I was given this responsibility, the focus was not only on Felcra’s profits, but also on the overall welfare and benefits for its settlers.
“So, I agree with the request to write off the debt in stages,” he said at the Felcra MADANI Santuni Rakyat @ Lumadan programme at Dataran Bagandang here today.