KUALA LUMPUR: A total of 1,500 independent smallholders, covering 5,900ha, are expected to benefit from the Smallholder Oil Palm Replanting Financing Incentive Scheme (TSPKS) 2.0 under the 2027 Budget.

Plantations and Commodities Minister Datuk Seri Dr Noraini Ahmad said the programme aims to support independent smallholders in replanting activities and strengthen the sustainability of the oil palm sector.

"In addition, 740 independent oil palm smallholders, with a combined cultivation area of 11,110 hectares, are expected to benefit from the Oil Palm Replanting Financing Programme (PTSS)," she said when winding up the committee-stage debate on the Supply Bill 2027 in Dewan Rakyat today.

Under the 2027 Budget, Prime Minister Datuk Seri Anwar Ibrahim announced an allocation of RM200 million for TSPKS 2.0.