President Recep Tayyip Erdoğan shared on Saturday particulars of the brand new packages geared toward supporting farmers and producers within the nation in several areas, whereas additionally recalling substantial financing supplied up to now.
Delivering a speech at Ziraat Bank’s “4th Agricultural Ecosystem Gathering” in Istanbul, Erdoğan stated that the agricultural loans supplied by the lender have exceeded TL 700 billion ($17.54 billion). He additionally expressed that the financial institution, identified for its custom of supporting agriculture, accounts for 71% of all credit within the sector.
Also stating that Ziraat Bank has ready a profitable credit score bundle that fits the wants of the sector and expectations, the president went on to offer the important thing particulars concerning the brand new bundle.
“With ‘Işim Ziraat Kredisi’ we provide loans to our farmers in many areas at attractive opportunities,” he stated.
“We are supporting our producers who want to set up greenhouses to grow vegetables and fruits with a new credit package,” he added.
“In this context, for financing greenhouse investments under 10 decares, we are offering a credit opportunity of up to TL 10 million with a maturity of up to 10 years and a one-year principal payment-free period,” he additional defined.
The president additionally talked about that whereas 20% of the funding quantity is required as fairness, he stated that this ratio will probably be 10% within the case of younger and feminine farmers.
“We are currently providing investment credit of up to TL 5 million with a maturity of up to seven years and a one-year principal payment-free period for the purchase of animals for the capacity increase of enterprises engaged in cattle and dairy farming without seeking equity,” he additionally stated.
“Of course, we do not neglect our small cattle producers. We are paving the way for our small cattle producers who want to expand their scale, increase their animal stock and use their idle capacities for production,” stated Erdoğan.
In line with this, he additional steered they have been growing the restrict of small cattle loans below the undertaking dubbed “I Have Many Reasons to Live in My Village,” which is carried out in cooperation with the Agriculture Ministry and Ziraat Bank, from TL 600,000 to TL 1.2 million.
“I hope that the credit opportunities will be beneficial and auspicious for our farmers,” he added.
Furthermore, the president reiterated that farmers who suffered harm from frost will probably be supported, whereas additionally noting that the consequences of the local weather disaster are being felt extra. Erdoğan famous that they decided their water, agriculture and livestock insurance policies with nice seriousness, guided by this bitter fact.
Vegetable and fruit producers in lots of provinces in Türkiye have been impacted by harsh frost earlier this yr. The frost affected the manufacturing of key crops, together with apples, apricots, grapes and walnuts, amongst others.
“We have recently implemented some revolutionary regulations. We have started production planning. We are deciding which product will be produced where and in what quantities,” he maintained.
Soil mapping, agricultural census
“Regarding soil survey and national soil mapping, we have provided $143.5 million of financing from the World Bank for 28 million hectares of agricultural and pasture land; work has been completed in 2.5 million hectares, and work continues in 6 million hectares,” he knowledgeable.
“We will update all data from land size to product pattern with the agricultural census we will start on July 1. I call on all our farmers to support the work to be carried out with the coordination of the ministry and TurkStat,” he added, referring to the Turkish Statistical Institute (TurkStat).
At the identical time, he additionally referred to as on farmers to acquire agricultural insurance coverage.
Also mentioning the quantities of financing supplied previously, Erdoğan stated: “Last year, we provided grants totaling TL 755 million to 71,000 people in 15 provinces. This year, we have allocated a budget of TL1.3 billion for our projects.”
“In other words, we, as the state, are and will continue to support those who work, produce, export, invest and generate jobs with all our means,” he vowed.
Source: www.dailysabah.com