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Matt Carthy TD sets out critical need for agricultural loan schemes


Sinn Féin spokesperson on Agriculture and member of the Public Accounts Committee, Matt Carthy TD, has criticised the government’s approach to facilitating credit for farmers and the agricultural sector more broadly as insufficient  and as leaving farmers without the support they need .
Teachta Carthy was speaking following a Dáil motion which provided additional funds to the Strategic Banking Corporation of Ireland (SBCI) which has previously offered a number of financial products to farmers.
The Cavan/Monaghan TD said:
“The SBCI has yielded mixed results with their Brexit and Covid loan offerings. Significant variance in draw down rates across their products has resulted in a significant amount of capital sitting idle.  This was funding that was meant to support our SMEs and farmers. ....

Teachta Carthy , Public Accounts Committee , Strategic Banking Corporation Of Ireland , Matt Carthy , Strategic Banking Corporation , Agriculture Cash Flow Support Scheme , Future Growth Loan Scheme , பொது கணக்குகள் குழு , மூலோபாய வங்கி நிறுவனம் ஆஃப் ஐயர்ல்யாஂட் , மேட் கார்த்தி , மூலோபாய வங்கி நிறுவனம் , எதிர்கால வளர்ச்சி கடன் திட்டம் ,

New Brexit loan scheme set to be launched


May 7, 2021 12:13 pm
A New Brexit Loan Scheme is set to be launched in the coming weeks, the government has announced.
The planned scheme was announced yesterday (Thursday, May 6) by Tánaiste and Minister for Enterprise Trade and Employment Leo Varadkar; Minister for Agriculture, Food and the Marine Charlie McConalogue; and Minister for Finance Paschal Donohoe.
The ministers are calling on financial providers to take part in the new Brexit loan scheme, which will be administered by the Strategic Banking Corporation of Ireland (SBCI).
The scheme will be funded up to €330 million, and will be open to small and medium enterprises (SMEs) and small ‘mid-caps’, including farmers. ....

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