On 23 October 2015 Applications opened for drought affected Victorian farmers to access the Drought Concessional Loans Scheme.
The Drought Concessional Loans Scheme is part of an Australian Government drought assistance package to support farm business experiencing significant financial impact as a result of drought. Drought Concessional Loans are designed to help farm businesses in Victoria to recover from and prepare for future droughts and return to commercial viability in the long term. Rural Finance is the agent in Victoria.
The scheme will offer loans for;
The loans have the following characteristics;
To be eligible;
Farmers thinking about applying for a Drought Concessional Loan talk to someone at Rural Finance or your local Rural Financial Counselling Service.
To find out more about drought concessional loans please contact Rural Finance on 1800 260 425 or visit ruralfinance.com.au.
For more information on the range of Australian Government assistance for farmers, farm businesses and rural communities, visit agriculture.gov.au/assistance.
Drought AssitanceDrought Concessional Loans Scheme