FDB

FDB and Govt assist Ratu Naevo Farms Cooperative Limited with tractor worth $77,200

FDB and Govt assist Ratu Naevo Farms Cooperative Limited with tractor worth $77,200

By Shanil Singh
Saturday 26/02/2022
[Image: Supplied]

Ratu Naevo Farms Cooperative Limited has been assisted with a new tractor worth $77,200 by the Fijian Development Bank and the Fijian Government.

The tractor was acquired through a grant of $51,466 from the Ministry of Commerce, Trade, Tourism and Transport and a loan of about $26,000 from the FDB.

Before registering as a cooperative in December 2021, Ratu Naevo Farms Cooperative was operating as a group and 47 farmers are now part of this cooperative who are mostly engaged in vegetable, root crop, and suki farming.

FDB CEO Saud Minam says they will continue to assist small and medium-sized farmers towards the mechanization of their farms as this was part of their strategic direction.

Minam says be it individuals or cooperatives, FDB has a solution for the farmers in terms of assisting them to mechanize their farms through the purchase of farm vehicles, machinery, implements, or equipment.

He says they will continue to tailor-make financial solutions to assist farmers and businesses.

Minam also says FDB has provided the loan on easy terms and the affordable repayments will ensure farmers can work towards the growth of their crops while being able to meet their dues.

He adds with this tractor, farmers will be able to complete more tasks at the right time and will also increase their land productivity.




fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
FEATURE NEWS
Pacific Games: Yeshnil Karan wins 3 gold medals, aims for 1 more in the half marathon
Pacific long-distance king Yeshnil Karan has 3 from 3 after winning the gold medal in the 3,000 metres steeplechase event at the Pacific Games. The...
7 hours ago
LATEST NEWS
Police retains 2023 Vodafone Ratu Sukuna Bowl
Police have retained the 2023 Vodafone Ratu Sukuna Bowl after an 11-all draw against Army in an intense encounter at Prince Charles Park in Nadi this ...
4 hours ago

50,000 and Counting
The recent TOPEX conference featured more talk about the impact of the exodus of Fijian workers to Australia and New Zealand. Permanent Secretary ...
5 hours ago

Inspire Pacific aims to bring juveniles into society through education and effective ways
Inspire Pacific is encouraging juveniles and youth to never lose hope and always reach out for help as they focus on bringing back juveniles to their ...
6 hours ago

World AIDS Day is for reflection, remembrance and action - Human Rights Activist
World AIDS Day is a day for reflection, remembrance and action because people losing lives due to HIV is an issue that affects everyone. Those ...
6 hours ago

CWM Oncology Ward is under the list of urgent projects for renovation works - MOH
The Ministry of Health and Medical Services states that the refurbishment of the CWM Hospital Oncology Ward has been schemed under the list of urgent ...
6 hours ago
IN DEPTH
PM’s motion passed to reduce overseas travel allowances for the PM, Ministers, Assistant Ministers, Leader of Opposition and MPs
Parliament has passed the Prime Minister’s motion to reduce the rates payable for overseas travelling allowances for the Prime Minister, Cabinet ...
9 days ago

CEO of the Fijian Competition and Consumer Commission, Joel Abraham appears on fijivillage Straight Talk With Vijay Narayan
CEO of the Fijian Competition and Consumer Commission, Joel Abraham appears on fijivillage Straight Talk With Vijay ...
15 days ago

HIV infections in Fiji increased 260% since 2010, making Fiji the second fastest-growing epidemic in the Asia Pacific region
Speaker of Parliament and UNAIDS Goodwill Ambassador for the Pacific Region, Ratu Epeli Nailatikau says according to the Global AIDS Monitoring Report, Fiji is in the top 5 countries of rising new HIV infections in the Asia Pacific region amongst the 15 t
20 days ago

TOP