Enlargement of the loan and introduction of interest-free loan provided under “Act on Temporary Measures on Financial Support of Farmers, Forestry Workers and Fishery Workers Suffering from Natural Disaster” regarding to the Great East Japan Earthquake

According to the compilation of the first supplementary budget of fiscal year 2011, the access to the loan from financial institutions can be enlarged and interest-free loan is introduced.

1. Persons eligible for the loan

a) Farmers certified by mayors of cities, towns, or villages, who have harvest reduction of 30 % and more and damages of over 10 % of property

b) Foresters or fishermen certified by mayors of cities, towns, or villages, who have damages of over 50% of facilities value and damages of over 10 % of property.

2. Applications of the loan

Seed and seedling, fertilizer, feed, agricultural chemical, livestock, fishing equipment, fish juvenile, fish food, fuel for fishing, fishing boat under 5 tons, and other necessary money for agricultural management.

3. Conditions

[1] Loan ceiling

For individual: 2 million yen

(livestock, aquaculture, fishing boat: 5 million yen, fishing equipment:50 million yen)

For companies: 20 million yen

(livestock, aquaculture, fishing boat: 25 million yen, fishing equipment:50 million yen)

[2] Period of redemption

3-6 years

[3] Interest rate

0% annually (interest-free)

[4] Credit line

100 billion yen

4. Special case of “Special Financial Aid Act for Heavy Disaster”

Following special measures will be applied with designation of “ Heavy Disaster “.

[1] Raising loan ceiling

For individual: from 2 million yen to 2.5 million yen

For livestock, aquaculture, fishing boat: from 5 million yen to 6 million yen

[2] Extending period of redemption: from 3-6 years to 4-7 years

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