The government will announce a drought that is half-billion-dollar package directed at assisting farmers and local companies.

Farmers and regional organizations is likely to be provided super-cheap loans to help keep afloat through the drought under sweeping changes to a finance scheme that is existing.

Key points:

• Cheap federal federal government loans with interest-free periods is supposed to be agreed to drought-affected farmers and organizations
• The loans is going to be element of a $500 million government drought stimulus package that is federal
• Regional councils and roadways may also get financing in a bid to enhance jobs that are rural

Included in a $500 million drought stimulus package become established on Thursday, the Morrison Government intends to overhaul the Regional Investment Corporation’s (RIC) funding guidelines. (more…)