Agriculture giant launches and medium enterprises loans




Views 16 Date 26/10/2016 - 18:52

Economy News / Baghdad ...


The Ministry of Agriculture, on Wednesday, announced the launch of loans within the agricultural initiative as well as the Central Bank project loans to finance giant projects generating profit, noting that those loans designed to activate the agricultural sector.

Technical Undersecretary of the Ministry Mehdi ligature Qaisi said in a press statement, "The ministry has formed a special committee to consider the economic feasibility of the giant and small businesses generating profit and financed by the central bank as factories or canning food products giant poultry and dairy factories."

Qaisi said that "the Committee began to take over those projects through their sites and study the feasibility as well as a few notes, if any, to evaluate the performance of the project," noting that "the aim of the move is to reduce the reliance on unilateral economy and activating the agricultural sector further over the coming period."

While noting that "The ministry has also launched in loans to finance the purchase of agricultural machine and field development which is within the agricultural initiative as well as the completion of delivery of meals remaining loans to farmers," explaining that it "will be the announcement of the new names included in the loan."



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