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Gov’t decides on HUF 15 billion working capital loan program for farmers

The government decided at a cabinet meeting on Wednesday on a HUF 15 billion working capital program for farmers, Rural Development Minister Sándor Fazekas said.

The program is expected to start after lending constructions are worked out at banks by the end of April, Fazekas said. The loans will be available mainly for purchases of feed, he added.

The government also decided on Wednesday to raise the amount of working capital loans available under a force majeure lending program by HUF 5 billion to HUF 11 billion.