The condition for the purchase of diesel and fertilizers in loans with reduced interest for the farmer
In all reduced interest loans granted under the title of traditional (generalized) vegetable production; It became mandatory to use a certain part of the loan for the purchase of diesel and fertilizers.
The statement from the Ministry of Agriculture and Forestry amending the application principles regarding the use of low-interest investment and commercial loans for agricultural production by Ziraat Bank and Agricultural Credit Cooperatives was published in today’s issue of the Official Gazette.
LOANS UP TO 200 THOUSAND TL
In accordance with the paragraph added to article 20 of the Communiqué that determines the credit conditions for traditional (generalized) vegetable production, in all reduced interest loans granted under this production title; The 100,000 TL to 200,000 TL portion of commercial loans with a discount rate of 100% up to TL 200,000 can only be used for the purchase of diesel and fertilizers. (Reuters)
Source: Sozcu
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