Oil palm replanting scheme to benefit 7,000 smallholders
Published on: Sunday, April 28, 2024
By: Winnie Kasmir
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.jpg "Oil palm replanting scheme to benefit 7,000 smallholders")
Chan, also the Kota Kinabalu Member of Parliament, said Some 61,421 hectares of agricultural land in Sabah were replanted with oil palm last year as an effort to revive the industry in the State.
SANDAKAN: The Federal Government had allocated RM100 million in the 2024 Budget for the implementation of the Smallholder Palm Oil Replanting Financing Incentive Scheme (TSPKS 2.0) which will be distributed to smallholders through Agrobank, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.
He said the scheme was expected to benefit 7,000 smallholders, with a 5,900-hectare target of replanting oil palm in the State.
Up to Jan 31, 27 applications have been received from smallholders in Sabah, who owned a total plantation area of 125.20 hectares.
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