All farmers in the country can now have Fiji National Provident Funds accounts under the Farmers’ Voluntary Retirement Scheme.
The Memorandum of Understanding between the Ministry of Agriculture, the Agriculture Marketing Authority and FNPF was signed this morning.
FNPF Chief Executive Officer Jaoji Koroi says the partnership will ensure social and financial security.
Koroi said the agriculture sector is a key part of the economy and this has become quite clear over the past few months while the nation has been dealing with COVID-19 pandemic and the closure of our borders.
Minister for Agriculture Dr Mahendra Reddy said the initiative will bring relevant stakeholders like FNPF and AMA together in a more coordinated and organised arrangement, generating positive returns to farmers, expansion of the agriculture sector and rapid economic growth of our beloved nation.
He adds the initiative will also mean that more young people can look at farming as a means for income.
The Agriculture Marketing Authority have formally visited farmers in the rural areas to create awareness about the scheme.
Under the Farmers voluntary retirement scheme the minimum deduction is $10 with no limits.
The agriculture minister confirmed that in the initial stages, farmers will not loose membership if they miss a month of deduction.