Govt mulls Rural and Agric Financing Policy



Government is working on different strategies including the development of a Rural and Agriculture Financing Policy to tackle challenges faced by tobacco farmers in producing the golden leaf. Minister of Agriculture, Mechanisation and Irrigation Development Joseph Made said tobacco farmers are still facing a lot of challenges. He said Government is considering the development of a Rural and Agriculture Financing Policy, the establishment of a revolving fund at affordable interest rates, with assistance of international development financial institutions and is talking to banks to increase their support of agriculture with affordable loans in order to reduce the burden of farming in Zimbabwe. He added that factors such as poor infrastructure need to be addressed urgently. – Herald

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