AMMAN — The Agricultural, Water, and Desert
Affairs Committee discussed the postponement of loans for small-scale farmers
and their exemption from the "Dragon Storm" loan.
اضافة اعلان
The committee recommended postponing the
"Dragon Storm" loan application until the end of the current year, a
recommendation accepted by the Director-General of the Agricultural Credit
Corporation.
They also suggested contacting the Ministry
of Finance to increase the institution's capital from JD75 million to JD100
million, enabling it to fulfill its obligations to farmers in alignment with
economic modernization strategies and the national plan for sustainable
agriculture, Hala News reported.
The committee’s history
Deputy Mohammad Al-Alaqma mentioned that
the institution has provided JD1 billion
in loans to support and improve the agricultural sector since its inception.
He stated that the institution granted
approximately 56 million interest-free loans during the years 2021-2022,
specifically for supporting specialized crops, agricultural production
requirements, and empowering unemployed women and youth. Despite the rising
interest rates, the institution reduced interest rates on agricultural loans by
1 percent last year.
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