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DFC is already helping farmers in Serbia

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The Ministry of Agriculture has been cooperating with the American DFC since January, and that guarantee scheme of assistance to farmers is worth 60 million dollars.
This was stated today by the Minister of Agriculture, Branislav Nedimovic, as a guest on Pink, and he explained that 20 million have already gone through credit support, through three banks.
“The essence is that for securing the investment of an agricultural producer, for example buying land, DFC and the state give 60 percent and the farmer the other 40 percent, which is especially important because farmers, precisely because they do not want to give something of their own as a means of securing credit, rarely decide on investments,” explained Nedimovic.
He stated that the DFC was offered three things in the field of agriculture, the first of which is related to startups for young people entering agricultural production for the first time, the second is women’s entrepreneurship, and the third is the food industry, ie large producers not covered by IPARD and state aid programs.
Nedimovic explained that the first line refers to farmers up to about 40 years of age, who would be helped to go to the countryside and enter agricultural production through grants.
When it comes to the second line in which women’s entrepreneurship is, it would be helped by the production characteristic of rural households where women are the carriers of production, ie mainly the production of ajvar, cheese, jam and similar.
The third program would help our fruit growing, vegetables, corn and wheat processing, as sectors that we now lack.
He added that the first guarantee schemes should be expected in the next month or two, B92 reports.

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