Agricultural Initiative: 20 Million Ceiling of Soft Loans to Farmers
|February 28, 2011||Filled under Uncategorized|
Said the Supreme National Committee for the agricultural initiative in Iraq raise the ceiling on the amount of soft loans granted to farmers and owners of agricultural projects, both plant and animal than 5 million Iraqi dinars to 20 million.
The spokesman for the Commission on agricultural initiative Zahid al-Bayati, in his interview with Radio Free Iraq that the Commission has announced to facilitate the mechanics of granting such loans to the border, which “does not need her the beneficiary of the loan after the completion of filings fundamentalism, but to one employee in a branch of Agricultural Bank to serve as the identifier of the beneficiary at the signing arrived receipt of the loan amount. “
He said al-Bayati, in this context that the two measures relating to the issue of soft loans, have taken after receiving numerous complaints from farmers and farmers about the routine procedures associated with the process of borrowing and lower amounts of loans noting that the measures meet the loans “to Atbda only one year after the date of receipt of the loan as the repayment of interest-free “
In spite of the confirmation based on the agricultural initiative, which exceeded many beneficiaries of the loans until now has 41 thousand, but that these loans have achieved concrete results on the ground towards the re-advancement of the agricultural sector to meet the need of local vegetables and fruits.
Economists said that Iraqis have not been any real successes “as evinced by the agriculture sector deficit has so far overcome the barrier of 3%, the mouthpiece of its share in gross domestic product.”
Illustrates the economic analyst Abbas Ghalibi “The operations of financial and administrative corruption that accompanied the granting of soft loans to owners of agricultural projects was enough to make these loans is futile”
So called agricultural expert Adel Abdul Saheb relevant government agencies to take necessary measures to activate the role of agricultural loans and that “by protecting the local product to compete with imported counterpart after work first on reducing the cost of production of high rise reap economic for the farmer or farm and they will be to increase ceiling of lending to no avail at the Applied Field. ”
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