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General : Gov’t allocates RM262 mln to assist farmers hit by hike in price of fertilisers, pesticides - PM

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KUALA LUMPUR, Nov 25  -- The government will allocate RM262 million as an early response to assist farmers affected by the increase in the prices of fertilisers and pesticides, said Prime Minister Datuk Seri Ismail Sabri Yaakob.

He said that of the amount, RM62 million would be channeled through the National Farmers Organisation (NAFAS) as an addition to the subsidy allocation and paddy incentive under Budget 2020, which amounts to a total of RM1.5 billion.

Meanwhile, RM200 million would be used as agrofood loan at zero interest rate, in addition to a six-month loan repayment moratorium under Tekun Nasional (TEKUN) and Agrobank for the benefit of affected vegetable and fruit growers.

“The government will always pay attention to problems faced by the Farmer Family, including the issue they are facing now with regard to increase in the prices of fertilisers and pe

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