NCCU Introduces Special Loan Facility for Farmers |
NCCU has introduced a special Agricultural Loan Facility for farmers. The objective of this facility is to create employment, ensure food security, increase exports and reduce imports. Through this facility, farmers can access loans of up to $10,000 for purchasing inputs and planting material for non-banana crops and for meeting labour costs. Loans will be granted at a special, low interest rate of 6.5% per annum. Applicants are expected to be members of a marketing company such as DAPEX or FairTrade and to receive a recommendation from an Agricultural Extension Officer. NCCU encourages farmers to take advantage of this special facility for expanding their farms and increasing productivity. New farmers are also eligible to access these funds. Full details of the Special Agricultural Loan Facility can be obtained from NCCU’s five (5) Branches. For more information click here! |