Felda subsidises 30% of PTPTN loans taken by its settlers' children

KUALA LUMPUR: Felda is subsidising 30% of the National Higher Education Fund (PTPTN) study loan taken by its settlers’ children for their diploma and bachelor degree studies at higher education institutions.
Its director-general Datuk Hanapi Suhad said last year they channelled RM16 million for 1,825 students who are the sons and daughters of Felda settlers.
He also said Felda had provided RM200 million for various technical and human capital training schemes in public and private higher education institutions for 42,059 students from 2005 to 2010.
He earlier attended a signing ceremony of a memorandum of understanding with PTPTN in Menara Felda here today.
PTPTN chairman Datuk Shamsul Anuar Nasarah praised Felda’s move, describing the initiative as part of the National Blue Ocean Strategy.