Today (September 20) State Fund Agriculture opens the scheme under which farmers can apply for low interest credits for livestock feeding. The documents can be submitted at the Regional Offices of State Fund Agriculture by all livestock breeders from the dairy sector, regardless of whether they have received loans during the period 2008-2010. The farmers can apply for short term loans for the purchase of forage and forage components for sheep, goats, cows and buffaloes to the full spending of funds, but not later than October 29 2010.
The decision for this type of credit was taken back in August 2010 and a week ago the Managing Board of SF Agriculture widened the scope of supported farmer. The scheme will allocate a total of 20 million BGN. Funding will be paid by 15 December 2010.
Livestock breeders who apply under the scheme and have not reached the individual limit of 7 500 EUR will receive shot-term loans at 3% interest rate. Other farmers will be able to draw the credit at 6% reference interest rate, which is considerably lower than the interest on bank loans. The subsidy for one ewe and one goat mother amounts to 80 BGN and the amount per cow and buffalo cow is 500 BGN.
20 September 2010 SF Agriculture – Paying Agency