Amman, Mar. 25 (Petra) –During a meeting chaired by Minister of Agriculture Khaled Hneifat, Board of Directors of the Agricultural Credit Corporation (ACC) approved the launch of a "subsidized" loan program for Jordan's agricultural entrepreneurs within the Agricultural Innovation and Entrepreneurship Incubator at National Agricultural Research Centre (NARC).

In an ACC statement, interest rates and profit margins will range between 2-2.25 percent, aimed to finance specific agricultural projects that rely on modern technology.

The board also approved another decision to grant loans to farmers and agricultural companies to enhance post-harvest logistical services, mainly packaging and refrigeration processes, aimed to improve infrastructure and facilitating marketing and sale of agricultural products.

On their goals, the board said these moves come within the framework of supporting agricultural investments and raising the sector's "efficiency," which would contribute to achieving "sustainable" development and enhancing food security.
//Petra// AG

25/03/2025 16:05:18