The first loan paid was granted to agricultural farm from Sombor, for the improvement of plant production. Given that the owner of the farm is a farmer, the interest rate that the client will pay is only 1 percent annually.
We remind that loans from this programme are approved for the development of livestock, crop, fruit growing, viticulture, horticulture and flower growing, investment in agricultural machinery and equipment and the supply of animal feed. They are approved in dinars, without a currency clause, with a repayment period of up to 12 months for short-term loans, and for long-term loans up to 36 months, with the possibility of obtaining a grace period of one year. For certain types of machinery and equipment, there is a possibility of borrowing up to 60 months. The state subsidises the interest rate, which is 3% for the beneficiaries, while young farmers, women farm owners and farmers from underdeveloped areas can receive funds from this programme with an interest rate of only 1%.