Finance Minister Lim Guan Engsaid the soft loan fund is expected to help ease the financial burden of smallholders in carrying out the replanting of crop.
Lim explained that smallholders were being given the assistance because of the government was concerned over the situation faced by entrepreneurs due to low commodity prices. "At the same time, it is also to strengthen Malaysia's position as the world's leading sustainable palm oil producer," he said.
"Under this policy, the government will bear 100% of the MSPO certification costs from the existing 70% for entrepreneurs who have medium-sized smallholdings .
Alhamdulillah.
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