The limit of interest-free loans for agricultural production has been increased

The upper limit of interest-free business and investment loans for traditional herbal production was increased to ₺200 thousand liras.

The President’s Decision “On Amending the Decision on the Granting of Low-Interest Investment and Operational Credits for Agricultural Production by Ziraat Bankasi Inc. and Agricultural Credit Cooperatives” entered into force after being published in the Official Gazette.

Accordingly, 100% interest discount will be applied on investment and business loans up to ₺200 thousand for traditional (widespread) herbal production.

Prior to the change, interest-free loans were available for loans up to ₺100 thousand.

Source: Trthaber / Translated by Irem Yildiz

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