Ministry of Fisheries to Introduce a Credit Scheme for Farmers

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Ministry of Fisheries, Marine Resources and Agriculture has announced plans to introduce a credit scheme for local farmers from next year onwards. The scheme will be a part of the farmer’s loan currently being issued by the SME Development Finance Corporation Bank.

According to the local media PSM News, Director of Fisheries Ministry Ismail Rasheed revealed that the fisherman’s loan issued by the SME bank has been well received by the public and it currently is planning to launch a credit scheme for the businesses in the agriculture sector.

The establishment of Bank loans and Credit Schemes for the members in the agriculture industry was one of the 100 campaign promises made by the current administration.

 

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