KUALA LUMPUR, Oct 13 — The government has allocated RM2.6 billion to channel various forms of subsidies and incentives to support farmers and fishermen. Prime Minister Datuk...
Prime Minister Datuk Seri Anwar Ibrahim, in his Budget 2024 speech, said that this allocation has increased by RM600 million compared to this year in line with the government’s decision to increase the rate of the Paddy Rice Subsidy Scheme from RM360 to RM500 per metric tonne. ― Picture by Shafwan ZaidonKUALA LUMPUR, Oct 13 — The government has allocated RM2.6 billion to channel various forms of subsidies and incentives to support farmers and fishermen.
Anwar said that the government has initiated a “five seasons in two years” paddy cultivation plan to elevate rice production aligns with the plans to modernise irrigation infrastructure in the regions under the Muda Agricultural Development Authority, with an investment of RM3 billion.
“Fishermen will continue to receive a subsistence allowance of up to RM300 per month, along with a Fisherman’s Catch Incentive of up to RM1,000 per month,” he said.Anwar, who is also the finance minister, announced a RM10 million allocation for the construction and renovation of fishermen’s houses, as well as a RM400 million fund for the implementation of the Food Security Strengthening Program.
He also said that RM50 million has been allocated to supply 50 thousand rice farmers with bio and organic fertilisers to enhance soil fertility.
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