Government will assist farmers in providing food and other essential items for our tables through a low-rate financing initiative. (Stock Photo)

With Government set to recapitalise FundAccess with $20 million and the Trust Loan programme with a further $10 million to aid small businesses, farmers too can expect assistance by way of a similar mechanism.

 Governor General Dame Sandra Mason revealed this as she delivered the Throne Speech at the Lloyd Erskine Sandiford Centre, on Tuesday.

“My Government will now assist farmers in providing food and other essential items for our tables through a low-rate financing initiative (1.5% – 2.5% under special conditions) through the Co-operative Society Investment Fund,” she said, stressing that the funds would be made available to farming and food producer co-operatives and their members, to assist in the purchase of much needed raw materials and equipment.

According to the Governor General, the package will target the growth and development of six key priority sectors, namely renewable energy; agribusiness; health and wellness; creative industries; tourism related businesses and manufacturing.

joy-ann.gill@barbados.gov.bb

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