AMMAN — In order to encourage modern agricultural techniques using more technology,
the Agricultural Credit Corporation (ACC) stated in a recent press release,
that the ACC has decided to exempt farmers who are seeking loans less than JD100,000
from submitting feasibility studies from specialized offices.
اضافة اعلان
The ACC
added that studies will instead be provided by the Centers for Productivity
Enhancement (IRADA).
According to the press release, several ongoing projects involving food
security, production, and supply chains were required to submit a feasibility
study from experts, which
farmers are now excused from. Furthermore, the
decision aims to fund green fodder farming projects that use treated water for
irrigation.
Mohammad Dojan, director general of the ACC, told
Jordan News that the
loan aims to fix issues such as poor crop
yields, logistics and other obstacles farmers face.
“The provision of a feasibility study for projects from specialized offices was
one of the requirements for obtaining funding,” Dojan said. “Moreover, this can
be an obstacle and a financial burden on farmers, especially on some targeted
projects such as food processing.”
“This decision was taken for small and medium loans that are less than JD100,000,
as a feasibility study will be taken from IRADA.” Dojan mentioned.
Additionally, this decision was made with the goal of easing farmers responsibilities,
as feasibility studies can be costly and serve as a roadblock for farmers,
dampening their enthusiasm for project implementation.
“The purpose was to make it easier for the farmer to start implementing his
project. Moreover, as a corporation, we play our role to guide and support
farmers, in order to achieve their projects,” Dojan concluded.
On the other hand, a local farmer told
Jordan News that feasibility
studies are expensive for farmers, but it is very important in the agricultural
sector. “The farmer must be aware of the progress plan of his project in order
to ensure its success, and therein lies the importance of the feasibility study,”
the farmer said.
The farmer added that feasibility studies can guide a farmer on a project work
plan, but that he supported the decision to exempt farmers from feasibility
studies carried out by third parties.
“The
decision relieves the farmer of costs and burdens of the study,” he said.
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