The Australian government, through the Regional Investment Corporation (RIC), is providing drought loans to assist eligible farm businesses improve their long-term strength, resilience and profitability. The loans are available for drought preparedness, management and recovery activities.
Farm businesses must be in need of financial assistance and have sound prospects of long-term financial viability.
The drought loans complement a range of other support and risk management measures provided by the Australian government to help farmers and rural communities deal with an array of on and off-farm challenges, so they can pursue a prosperous and sustainable future.
This paper gives an overview of Regional Investment Corporation - Drought Loans and has been written under the following headings:
- Overview Of The Program
- Commonwealth Policy Entity And Administering Entity
- Grant Amount
- Grant Period
- Closing Date
- Information Documentation
