16 Hrs
Source:
المصدر
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5% EGP 30bn Farm Loans
Minister of Agriculture and Land Reclamation Alaa Farouk announced that concessional loans provided to farmers through the agricultural advances program totaled around EGP 30 billion, at an interest rate of 5% and administrative fees of about 3%, compared with interest rates of 18–20% at commercial banks. He said fertilizer support exceeded EGP 35 billion over the year, with subsidized fertilizer selling for about EGP 4,500 per ton. Funding for the National Veal Project has reached EGP 11.5 billion since 2017.
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