THE turnaround plan for ailing government agency, the Federal Land Development Authority (Felda), has shifted into high gear.

With a fresh aid of RM6.23bil announced by the government in its recent White Paper, Felda is expected to further expedite its Transformation Project, which kicked off in November last year.

The White Paper, in a nutshell, revealed a new business model to manage the agency’s penerokas’ (settlers’) land, the introduction of a new flexible aid scheme, the abolition of interest rates on the cost of living loan and harvest advances taken by settlers, the development of skilled and innovative settlers and reducing their dependency on oil palm and rubber by planting other cash crops, and the completion of the construction of homes for second-generation Felda settlers.

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