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Drought Recovery Concessional Loans

May 07 2015

Drought Recovery Concessional Loans

Drought Recovery Concessional Loans are now available to assist eligible New South Wales Farm Businesses that are in need of financial assistance as a result of unprecedented drought conditions.

The Drought Recovery Concessional Loans Scheme forms part of the Australian Government's response to drought and are designed to help Farm Businesses recover from the effects of drought and return to commercial viability in the longer term.

Under the scheme, the Australian Government has provided New South Wales with $50 million for the provision of Drought Recovery Concessional Loans to eligible Farm Businesses that are experiencing a drought that is considered to be equivalent to, or worse than, either a 1 in 50 or a 1 in 100 year rainfall deficiency event.

The loans are for Planting and/or Restocking drought recovery activities (as seasonal conditions allow) and associated expenses.

Loans up to $1 million, repayable over 10 years at a variable concessional interest rate are available.

 

For more information please visit: http://www.raa.nsw.gov.au/assistance/drought-recovery-concessional-loans

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