Daily Express Subscriber
Sign in to your account.

Kuala Lumpur: KUALA LUMPUR: A total of RM1.7 billion will be allocated in the form of subsidies, assistance and incentives to farmers and fishermen under Budget 2021. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, said the subsidies, among others, would involve RM570 million for the price of paddy and RM960 million for paddy planting incentives which is expected to benefit more than 300,000 farmers nationwide.

To assist rubber smallholders during low market prices, Tengku Zafrul said the allocation for Rubber Production Incentive would be increased from RM150 million to RM300 million to help stabilised the income of 150,000 rubber smallholders.

Apart from that, the living allowance for fishermen would also be raised from RM250 to RM300 starting next year, in line with Prime Minister Tan Sri Muhyiddin Yassin’s announcement last September.