Financing Products to Support Wheat Cultivation Operational Costs, Announced

Launch of a financing products for wheat cultivation, to finance operational costs, with the aim of contributing to supporting food security and enhancing local production, was announced by the Agricultural Development Fund.

The new financing product is a direct financing loan from the fund, as a part of the credit services for the short-term operational costs of the wheat farmers.

The Agricultural Development Fund stressed that the most important requirement for obtaining this financing is to obtain a license from the Ministry of Environment, Water and Agriculture, explaining the area and quantity of wheat cultivation, in addition to the appropriate financial solvency.

It is noteworthy that the Agricultural Development Fund is a government credit institution, specialized in financing various fields of agricultural activity, in all regions of the Kingdom, to help develop the agricultural sector and raise its productive efficiency, using the best modern scientific and technical methods, by providing various credit services to achieve the strategic objectives of the agricultural and water policy.