AMMAN— The government
has, since March, allocated JD2.5 million in interest-free loans to the
agricultural sector in the north of Jordan, the Agricultural Credit Corporation
said on Sunday.
اضافة اعلان
The package comes as
part of the government’s measures to revitalize the sector in the aftermath of
the COVID-19 pandemic, in which a total of JD35 million has been allocated for
the whole of the Kingdom.
The director general of
the credit agency, Muhammad al-Balawnah, said that the loans are intended to
support four main areas of the sector: The development of crops (JD10 million),
the support of animal husbandry (JD10 million), the empowerment of rural women
(JD10 million), and combating youth unemployment (JD5 million).
Balawnah said that the
credit agency expects as many as 10,000 applicants, and that the project will
end when all the loans have been issued.
Muhammad Salim, a
farmer from Irbid Governorate, said that he needs the zero-interest loan
because he cannot afford the additional financial burden that the interest
would bring with it.
Media spokesperson for
the Ministry of Agriculture Lawrence Majali confirmed that the financial package
is intended to encourage agricultural best practices and support farmers.
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