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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Agriculture complains about the lack of loans for large projects and presents two proposals

    Rocky
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    • Post n°1

    Agriculture complains about the lack of loans for large projects and presents two proposals Empty Agriculture complains about the lack of loans for large projects and presents two proposals

    Post by Rocky Fri Oct 01, 2021 7:58 am

     Agriculture complains about the lack of loans for large projects and presents two proposals

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    Today, Friday, the Ministry of Agriculture confirmed that the amounts allocated by the Ministry of Finance for agricultural lending are few, and only cover simple agricultural projects.
    The Undersecretary of the Ministry, Mahdi al-Jubouri, said in an interview with the Iraqi News Agency and followed by "Al-Iqtisad News", that "the most important thing that supports the agricultural sector is the financial resources that are carried out through agricultural loans," noting that "agricultural projects need capital, as there are two ways for this matter: The first is investment to finance projects, and the other is through agricultural loans."
    He pointed out that "the agricultural initiative that was launched in 2008 stopped in 2015 and at that time it activated the agricultural sector by spending two trillion dinars for it," noting that "the agricultural initiative has been transformed into a concessional agricultural lending fund, which was developed within the federal budget items and managed by the Ministry of Finance". Finance".
    He added, "The Ministry offered the Finance two options, either managing the fund by the Finance and operating it, or transferring the management of the fund to the Ministry of Agriculture and amending the Facilitated Agricultural Lending Fund Law," noting that "at the present time, the fund is managed by the Ministry of Finance until 12/31/2021, according to annual budget.
    He pointed out that "Finance approved an amount of 50 billion dinars to the Ministry of Agriculture, and these amounts have not been disbursed so far," stressing that "the amounts allocated for lending are very few and cover only a small part of agricultural projects, including the poultry and livestock sector, which needs large funds."
    He stressed the need to "launch the Agricultural Lending Fund for 2022 under the management of the Ministry of Agriculture with a capital of 250 billion dinars, in addition to the refund from the agricultural initiative belonging to the Agricultural Lending Fund," noting that "the amount of 50 billion dinars so far has not been disbursed to the lending fund, which is between the Ministry of Finance and the Agricultural Bank, because the funds as cash were not available to the Ministry of Agriculture.”
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