AMMAN — The Director-General of the
Agricultural Credit Corporation (ACC), Mohammad Dogan, announced on Wednesday
that the ACC prepared a loan plan at a rate of JD55 million for 2024, an
increase of 10 percent over last year, Al-Mamlaka TV reported.
اضافة اعلان
In a press conference held with the Minister
of Agriculture, Khaled Hneifat, Dogan explained that the financial situation of
the ACC has improved. He pointed out that JD1.14 million have been allocated
for interest-free loans for renewable energy purposes through an agreement with
the
Jordan Renewable Energy and Energy Efficiency Fund (JREEEF).
In 2023, the ACC granted over JD52 million,
benefiting approximately 10,000 farmers and borrowers. Dogan stated that the
loans resulted in a 70 percent success rate, creating 6,822 job possibilities.
He added that JD62 million were returned out
of the JD65 million loaned, which is 95 percent of the loan. This is one of the
highest percentages in the history of the ACC.
Dogan pointed out that the ACC’s contribution
to the
National Plan for Sustainable Agriculture (2022-2025) is JD135 million,
of which about JD59 million were spent over two years.
Regarding the amendment of the interest rate
tiers, Dogan said that it was amended from six tiers to three tiers, and the
interest rates were reduced last year from 0.5 points to one point.
He also mentioned that the annual loan has
been canceled and that the repayment period has been extended to two years to
help farmers. The continuing incentive discount for returning farmer-owned
lands was granted, suggesting that this is for farmers who acquired their
properties in exchange for debts after the law was enacted against them. Four
out of 40 cases were returned, and the decision was made permanent.
Dogan pointed out that 200 young men and women
were granted targeted loans through a partnership with the
Zaha Cultural Center, and they were qualified and trained in agricultural professions. The
success rates through a neutral committee were 87 percent for these projects.
He added that the corporation contributed to
the qualification of farms that were affected by
foot and mouth disease (FMD)
in 2023 with a loan ceiling of JD40,000 without interest. HMD is an infectious,
and sometimes fatal, viral disease that affects hoofed animals. HMD-susceptible
animals include cows, sheep, goats, and pigs.
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