PM: Conditional adjustment to RM8.3b loan will reduce burden of Felda settlers

The government agreed in principle to dispose of part of the Federal Land Development Authority (Felda) settlers’ loans amounting to RM8.3 billion as an initiative to revive the 65-year-old organisation, said Prime Minister Muhyiddin Yassin.

He said the disposal of the loans which would be implemented through a conditional loan adjustment initiative would reduce the burden of each settler by an average of 80 percent.

“The average loan repayment is expected to be reduced from around...