BATU PAHAT, Oct 10 (Bernama) – The RM200 million Oil Palm Replanting Financing Programme (PTSS) announced under Budget 2027 is expected to help more oil palm growers replant ageing trees with higher-yielding ones while easing their financial burden.
General : RM200 Million Scheme To Help Oil Palm Growers Replant Ageing Trees - Noraini
Noraini, PTSS, TSPKS 2.0, rubber smallholders, oil
Key takeaways
A RM200 million scheme aims to help oil palm growers replant ageing trees with higher-yielding ones, offering low-interest loans and repayment deferment.
- The PTSS offers a four-year repayment deferment and 2% interest rate, with government coverage of the balance.
- The program targets growers with plantations over 10 hectares, complementing another program for smaller holders.
- Budget 2027 also increased funding for plantation road repairs to RM100 million.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
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