What would happen if every factory that was shut down returned to operating at full capacity? Imagine if small farm owners and poultry producers could expand their business with only 5% interest? Is it possible that the Egyptian economy revives again with simple but effective initiatives? The Central Bank of Egypt and the Agricultural Bank understand the importance of this question, and that is why they launched strong initiatives to support agriculture and industry. Let’s talk about the latest step to support the local economy and financing that can change the shape of Totally market.
In a strong and unprecedented step, the Central Bank of Egypt decided to allocate 500 million pounds to restart stalled factories and support small projects… This comes as part of large initiatives aimed at supporting vital sectors such as agriculture and industry.
The Agricultural Bank of Egypt plays a very important role in this initiative.. Hisham Negm, Head of the Credit Risk Group at the Agricultural Bank, said that this initiative finances small projects with a very soft interest rate of up to 5%, and the amount financed can reach up to 50 million pounds.
Not only that.. This financing also comes without commissions or administrative expenses, and this removes a large burden from the shoulders of small business owners, especially poultry producers, who have an essential role in supporting the local economy and providing food to the Egyptian market.
Among the beneficiaries, the bank is currently studying the position of 35 poultry producer clients to finance them, and this is part of an integrated plan that aims to advance the agricultural sector in general, especially in the field of poultry wealth.
Of course, any financing requires guarantees, and the Agricultural Bank requires farmers to submit operating licenses issued by the Ministry of Agriculture in addition to coding from the Poultry Producers Union. This is with the aim of the support going to places that are actually able to achieve added value and operate within a legal and organized framework.
The Agricultural Bank also works hand in hand with the Ministry of Agriculture and the Poultry Producers Union. This cooperation aims to ensure the achievement of a real boom in the sector, not only at the level of production, but also at the level of providing new job opportunities and improving the lives of small farmers.
Certainly, when we see support in this way, we must remain optimistic about the return of these stopped factories. These are not just initiatives. These are lives that change, families whose conditions improve, and small projects that turn into large companies.. This soft benefit is a tool that helps producers and farmers to rise again and achieve their ambitions.. and what the Agricultural Bank is doing today in cooperation. With the Central Bank, investing in the future is the future of agriculture and industry in Egypt
Today we are seeing a new future being built.. And every pound invested in agriculture and industry will return to us many times over.. So, what sector do you see most in need of support? What would happen if all sectors worked together with the same power?
