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ICF Agroliquiditat Loan Extension: 20 Million Euros Available for Catalan Agricultural Sector in 2024

The financing line ICF Agroliquidatpromoted last fall by the Catalan Institute of Finance (ICF) and the Department of Climate Action will once again be available at the beginning of 2024, with a 20 million euro extension. This line of loans was designed last autumn to support the Catalan agricultural sector and makes loans available to self-employed workers and agricultural and agri-food companies, forestry and the fishing sector. cope with the increase in the price of raw materials and fuelsas well as the consequences of climate change such as frost or hailstorms, among other effects. Also for those who want to make a small investment.

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As reported by the department directed by David Mascort, in the first section in which the line was open, more than 1,300 loans for an amount of 79.8 million of euros. The loans from ICF Agroliquiditat, assures the department, “have been very well received by the agri-food sector and are an example of the role as a public promotional bank that the ICF develops, a complementary actor to the private financial sector and that can help agricultural entrepreneurs. in an agile way”.

In this new section of the line, the loans granted will be at a fixed interest rate of 4%. In all cases, there will be a 50% bonus from Acció Climàtica, so that The final interest to be paid by the client will be 2%. The minimum amount will be 10,000 euros and the maximum of 100,000 per operation. The term is set at up to six years, with a maximum two-year grace period included. The sum of the formalized amount of all the loans framed in this line (including the previous tranche) may not exceed 100,000 euros for each beneficiary.

2024-01-08 16:48:53
#million #agricultural #loans #climate #change

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