The law passed on the same evening that Israel got into an exchange of statement with the US over Washington's position on possible Israeli annexation goals.
According to the World Bank, unemployment in the West Bank in 2016 stood at around 18%.
The program is aimed at improving the quality of life and increasing security in Jewish settlements in the West Bank
Right views move as equality for all Israeli citizens; Left sees it as creeping annexation.
Settler leaders say public has tired of broken promises, threaten campaign to demand increased security.
According to the Israeli Honey Council, about 500 apiarists produce honey from some 100,000 beehives situated throughout the country.
Netanyahu has also promised that in September he would give the go-ahead for marketing 300 homes for the Beit El settlement.
Residents of nearby communities waved Israeli flags along the funeral procession route of the murdered Jewish family.
"We are living on top of each other – there is nowhere left to build.”
Should recent terror attacks impact major housing decisions?