Following the passage of tropical cyclone Berguitta associated with heavy rainfall over the island, the Bank has set up a Rehabilitation Loan Scheme to provide immediate financial support to sugar cane, vegetables, fruits and flowers planters whose fields have been affected.
The particulars of the Scheme are as follows:
|Purpose of Loan||Rehabilitation of sugar cane, vegetable, fruit and flower cultivation and
hydroponic units affected by climatic condition
|Maximum Loan Amount
|Interest Rate||3% p.a.|
|Eligibility||Sugar cane – Certificate from MCIA evidencing substantial damage
Vegetables, fruits and flowers –Recommended by FAREI