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Farmers will have to apply for a minimum of €50,000 to avail of the Future Growth Low Scheme, which will provide loans to farmers and SMEs at a rate of 4.5% or less from March this year.
The €300m Future Growth Loan Scheme has been criticised by farm organisations for repeated delays and setbacks.
The Strategic Banking Corporation of Ireland announced this week that banks have until 11 February to express their interest in becoming lending partners.
The previous low-cost loan scheme had no minimum loan amount and provided loans at an interest rate of 2.95% to farmers.
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