Financial support for the agricultural ecosystem – News

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Ziraat Bank announced its new strategy for agricultural banking under the name of “Financing the agricultural ecosystem” and put its new loans in this area into practice. During a meeting yesterday with a group of journalists, the managing director of Ziraat Bank, Alpaslan Çakar, said: “The face of agriculture has changed in all aspects since the establishment of Ziraat Bank, the needs have increased, new needs have arisen, but Ziraat Bank is committed to the efficiency of the country’s agriculture, its profitability, the sustainability of production and its future. hasn’t changed at all.

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Referring to the fact that the pandemic reminds us how important agriculture is for countries, Alpaslan Çakar said, “Countries with reliable and sustainable food, usable water and energy resources will have their say. to say about the future of the world. As our president also said, agriculture is an important sector for countries at least as much as the defense industry. Stressing that they are aware of the potential of agriculture, Ziraat Bank Managing Director Alpaslan Çakar said, “We have increased lending to our agricultural producers to over TL 120 billion. We have increased the number of producers using loans to over 732,000. The agriculture sector has the highest share in our business cash loan portfolio at 20%. In other words, agriculture always ranks first in Ziraat Bank”.

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“ZERO INTEREST EXPENSE FROM THE MANUFACTURER”

Alpaslan Çakar also said that a separate title should be opened for interest-bearing agricultural loans and said, “Around TL 100 billion of the agricultural loans we have given to Ziraat Bank consist of loans to which our Ministry of Treasury and Finance provides interest subsidy.. In TL 32 billion of these loans, all interest is covered by the Ministry of Treasury and Finance on behalf of the producer. The interest rate passed on to the producer in a tranche of about 23 billion TL is between 0.1 and 5% per annum; in the part of 43 billion TL, it is between 5 and 10% per year”.

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SPECIAL LOAN FOR YOUTH AND WOMEN

YOUTH AND KADIN FARMER LOAN:

In order to increase the number of entrepreneurs in the field of agriculture and support their investments and activities in agricultural production, investment and/or commercial loans of up to 500,000 TL will be granted to young people and women farmers. . The areas covered by the loan were determined to be dairy farming, animal husbandry, beekeeping, poultry farming, greenhouse vegetable production and the cultivation of medicinal and aromatic plants. Investment loans will be granted with a maturity of up to 10 years, with no repayment of principal for up to 2 years. Business loans will be for 18 months in livestock and 12 months in crop production.

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GOLDEN BUCKET LOAN:

In order to increase the number of businesses operating in beekeeping, investment and/or commercial loans up to TL 150,000 will be granted. Investment loans will be granted with a maturity of 60 months, with no repayment of principal up to 12 months. Business loans will be up to 18 months in the farm.

READY FOR SOLAR IRRIGATION:

It will be awarded in order to contribute to the effective and efficient use of Turkey’s renewable energy resources. The maximum loan limit is 7 million 500 thousand lire and the maturity is 84 months.

COOPERATIVE PRODUCTION LOAN:

Investment and/or commercial loans of up to TL 15 million will be granted to cooperatives established to support producers who wish to offer the field product or the processed agricultural product directly to the consumer. Investment loans will be up to 10 years in total with no repayment of principal for up to 2 years. The maximum term for business loans is 36 months.

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AGRICULTURAL TRANSFER LOAN:

Investment and/or commercial loans of up to TL 500,000 will be granted to Ziraat Bank for the transfer of agricultural loans used by other banks to Ziraat Bank, to enable agricultural enterprises owned by natural/legal persons to continue their activities and increase their repayment power. The maximum loan term is 60 months.

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