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Enugu State Agricultural Loans Scheme Law.

Country/Territory
Nigeria
Territorial subdivision
Enugu
Document type
Legislation
Date
1991
Source
FAO, FAOLEX
Long title
A Law to make provisions for the establishment and management of a scheme for agricultural loans.
Subject
Agricultural & rural development
Keyword
Agricultural development Credit Financial agricultural measures Subsidy/incentive Special fund Smallholders/peasants
Geographical area
Africa, North Atlantic, Western Africa
Abstract

This Law allows for the establishment and management of a Scheme for agricultural loans. The objectives of the Scheme are, among other things, the improvement of food production in the State by providing easy access to agricultural credit from commercial banks and other institutions which provide agricultural credit for farmers, the encouragement of farmers to form registered co-operative societies for a more effective and prudent use of agricultural credit obtained under the Scheme etc. This Law contains extensive penal provisions with regards to bribery to obtain credit, furnishing knowingly false information or failing to disclose useful information with intent to defraud, etc.

Full text
English