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Wednesday, 04 May 2016 18:44

Loans for Food Production Granted in Las Tunas

Written by Roger Aguilera
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Las Tunas.- Natural and legal persons of this eastern province of Las Tunas engaged in food production, have received loans worth more than 30 million pesos so far this year.

 

With the delivery of this amount, the Bank of Credit and Commerce (BANDEC) of territory gives compliance to Resolution Seven of 2016 of the Central Bank of Cuba, as published Tiempo 21, website of the Victoria provincial radio station.

Orlando Iglesias Carralero, deputy commercial director of BANDEC, said that 180 individuals and entities dedicated to the cultivation of root vegetables and grains have benefited in the eight municipalities.

Financial assistance, although to a lesser extent, has also been provided to those whose main objective is to develop poultry and buffalo breeding, as well as those who plan to expand and improve cattle, added Iglesias.

In order to recover lands to allocate to the agricultural sector, Las Tunas is carrying out a nationally adopted program, in which the state assumes a hundred percent of the interest rate for 20 years, when the area has medium or heavy marabou infestation, the information notes.

If the level of infestation is light, the State is responsible for providing 50 percent of the interest rate for 10 years.

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