ALOR SETAR, The RM200 cash aid to rice farmers and the provision of subsidies and incentives for the rice industry under Budget 2023 shows the Unity Government’s concern to transform the agricultural sector into a modern and dynamic one.

The Young Agricultural Development Authority (MADA) said in a statement today that it was a step to make the country more competitive as a major food producer, thus making the agricultural sector an engine of national economic growth.

“MADA welcomes the MADANI Budget 2023 announced by Prime Minister (Datuk Seri Anwar Ibrahim) and is grateful to the Unity Government for agreeing to channel a monthly cash contribution of RM200 for a period of three months or a season.

“The RM228 million allocation to 240,000 rice farmers throughout Malaysia also includes rice farmers in the Muda area,” the statement read, stating that the budget highlighted the government’s concern and understanding of issues faced by rice farmers.

“In line with the food security agenda, the government has also agreed to continue providing subsidies and incentives for the rice industry, including the price of rice, rice fertiliser and hill rice amounting to RM1.6 billion.

“Apart from the RM60 million contribution, rice farmers will also enjoy a 30 per cent share of the net profit of rice imports by BERNAS,” the statement read.

Source: BERNAMA News Agency