Supporting development of investments in the agricultural sector and associated fields such as farming, horticulture, husbandry, forests and rangelands, fisheries and the relating industries and services are cited as the main objectives of establishing the fund, news reports said on Sunday.
These funds are established in accordance with the pertinent laws and regulations ratified by the Cabinet and also according to the types of the products, the funds’ specialties or the region in which they are set up. However, the producers’ minimum share in the fund would be 51 percent while, the government’s share should not exceed 49 percent at most.
The areas of activities of the funds have been identified under four major titles of, granting loans, guaranteeing the producers in their bids to obtain loans from the banks, financial aids and assistances and credits aimed at supporting producers in urgent and critical situations, the report further explained.
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