State gives loans to farmers

The Ministry of Agriculture has signed contracts with 11 banks that will distribute this season's loans for farming households.

Izvor: Beta

Monday, 01.10.2007.

14:13

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The Ministry of Agriculture has signed contracts with 11 banks that will distribute this season's loans for farming households. Hypo Alpe Adria Bank, Cacanska Bank, NLB Kontinental Bank, Agrobanka, Panonska, Komercijalna, Univerzal, Volks, Vojvodjanka, Credy and Metals Bank will as of Monday accept applications for the long- term loans to be taken out by registered agricultural households. State gives loans to farmers The loans will approved for a maximum a period of five years, with a 12 to 36-month grace period, and an effective annual interest rate of three percent. The state has dedicated a total of EUR 6.2mn for the purpose, the ministry said in a statement.

State gives loans to farmers

The loans will approved for a maximum a period of five years, with a 12 to 36-month grace period, and an effective annual interest rate of three percent.

The state has dedicated a total of EUR 6.2mn for the purpose, the ministry said in a statement.

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