The Government pushed through legislation in the last sitting of the Dail in 2018 which now clears the way for the launch of a new low-cost loan scheme for farmers. The Government pushed through legislation in the last sitting of the Dail in 2018 which now clears the way for the launch of a new low-cost loan scheme for farmers. New laws clear way for launch of low-cost loan scheme for farmersMinister for State at the Department of Agriculture, Andrew Doyle told Oireachtas Members the passage of the European Investment Fund Agreement Bill was 'urgent as it will give both Ministers the power to sign an agreement with the European Investment Fund by the end of the year for the purposes of launching the future growth loan scheme in early 2019'. "The future growth loan scheme has been developed to address a gap in the market for longer-term loans up to ten years," he said. Given the particular exposure of the food sector to Brexit, the scheme, which will be 40pc funded by the Department for Agriculture, Food and the Marine and will be available to farmers.

Source: Irish Independent January 04, 2019 15:00 UTC