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Erdogan announces credit loan packages for farmers

by John Pierce
January 7, 2023
in Business
2 min read
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President Recep Tayyip Erdogan on Thursday announced Three loan packages for Farmers, including farmers support loan, agricultural small and medium enterprise loan, agricultural debt transfer loan, borders of that range From 250 thousand TL (13,323 USD) to 15 million TL (799,416 USD) with Maturities range from 36 to 120 months.

Speaking at the Ziraat Bank Agro-Ecosystem Meeting, Erdogan said that support The loan to be provided by Ziraat Bank will be allocated up to 250,000 TL per person with annual benefit rate of 9.75% and a maturity of 36 months.

The president commented that each global Crisis “remember us how Strategic food production and supply. He mentions the outage of Grain shipments due to the Russia-Ukraine crisis pose a threat of hunger About the world, Erdogan said: “I brought Turkey humanity back from the brink of Great crunch by enabling resume of wheat shipment via successful diplomacy. This is amazing also Show importance of Our agricultural production capacity.

Erdogan also They said they would soon Implementation of the list, as part of Credit card-support programThis will enable the participation of Ziraat, which is Islamic financing bank in Turkey, to provide low-cost financial help for farmers.

Minister of Treasury and Finance Noureddine Al-Nabati. also speaks in programThey mentioned that they are increasing agriculture support Day after day, noting: “We have allocated 54 billion TL for Agricultural assistance to our farmers in 2023, with more of 109% compared to the first budget of last year. “

Nabati who also said that global The epidemic and the Russian-Ukrainian war have shown everything clearly countries how From a strategic point of view, it is noted that the agricultural sector in 2022, they increased cultivation support budget 54% taking into account rise in global Commodity prices compared to the first budget. “We gave 3.1 billion TL of diesel support and 1.9 billion TL of Fertilizer support to our farmers minister He said.

General Manager of Ziraat Al-Baslan Shakar Bank, for For his part, he said that climate change, a pandemic, problems in Supply chain, war between Russia and Ukraine once again Show that it is important ensure sustainability of Healthy and reliable food supply, f for This goal development and strengthening of agricultural production.

in the layout with From this perspective and sustainable financing strategies, Jakar said that they increased their agricultural loans from 109 billion TL to 232 billion TL. in 2022.

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