Felda co-op must embrace true cooperative principles to benefit settlers

Bernama News

Felda co-op must embrace true cooperative principles to benefit settlers
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KUALA LUMPUR: The Federal Land Development Authority (Felda) has made significant strides in improving settlers’ livelihoods through various initiativ...

: The Federal Land Development Authority has made significant strides in improving settlers’ livelihoods through various initiatives, yet achieving sustainable growth and financial independence for them remains an ongoing effort.

“Those who own and fund the cooperative are also the ones who use it. They control the cooperative, and its sole purpose is to benefit its users based on their participation,” she told Bernama. According to Fatimah, a cooperative initiative like KPF should be driven by the settlers themselves as it would ensure their needs and interests are addressed directly.

She believes by adopting these strategies, Felda can create a sustainable, independent and progressive community of settlers, and ensure their long-term economic success and competitiveness as well as reduce their dependency on government grants and assistance. The expert added another inspiring example of a cooperative is Malaysia’s own Koperasi Pasar Chow Kit Road Bhd in Kuala Lumpur – its success proves that social integration among retailers of various races and from different socioeconomic profiles can be achieved even in a highly competitive business environment.

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