Gov’t offers farmers in north zero-interest loans to revitalize sector

Ministry of Agriculture
(Photo: Jordan News)
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.

Read more National News