Land Amalgamation Fund
Who should apply?
- Government Special Purpose Vehicle.
- Farmer’s cooperatives.
- Professional agriculture/plantation companies.
Eligibility Criteria
- Foreign owned companies are also eligible to apply but local equity must be at least 30%;
- For agricultural upstream activities only;
- Done on land where the ownership is fragmented;
- Conducted geographically within the NCER;
- Must be agriculture activities promoted in NCER;
- Project must be of sufficient scale;
- Proposed agricultural activity is viable;
- The interest of the land owner/smallholder must be protected.
Mode of Funding
The grant shall be disbursed based on approved milestone which has been pre-determined during the approval process. The grant should be utilised within 5 years from the date of the approval.
Expenditure Covered by Land Amalgamation Fund
The funding covers expenditure incurred for the initiatives and cost incurred in amalgamating the land which includes:-
- Cost of land rental (for first 5 years only);
- Cost related to legal documentation;
- Cost of transportation.
How to Apply?
Applicants shall submit the followings:
- Duly completed NCIA Fund Pre-Application Form
- Duly completed Land Amalgamation Fund Application Form (Upon approval of the Pre-Application Form)
- Documents stated in the checklist provided together with the above Application Form