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The Director of the Central Bank of Sudan in Al-Gedaref Stateو Abdalla Jamal-Eddin Takron, affirmed on Monday the significant increase in agricultural finance in Gedaref over the past five years, stressing the state’s concern with increasing the agricultural production.
At a lecture on the financing, marketing and agricultural insurance policies organized Monday, within the activities of the Agricultural Technology Exhibition in Gedaref, Takron pointed out that the financing has increased to an amount of 81.8 billion pounds in the year 2022 compared to an amount of 51.3 billion pounds for the year 2021.
He stressed that the finance in Gedaref State amounted to 193% of the percentage of deposits in the state and that the 225% of deposits of all financing portfolios for the productive sectors in the country was exploited.
The Director noted that the rate of repayment to the Agricultural Bank until the end of the year 2022 amounted to78%.
On his part the Director of the Eastern States Sector of the Agricultural Bank, Saleh Mohamed Saleh, reviewed the goals of the Agricultural Bank stressing that its policy is to expand the production, encourage the application of modern technologies and to achieve food security.
He explained that the advantages of the agricultural sector, of which the rain-fed sector represents 90% and the irrigated sector 10% as a source of human and animal food and it contributes to the gross national product by 34 to 40%, and it receives financing ranging from 13 to 19% from the total other sectors.
He pointed to the advantages of Agricultural Bank as the main financing source for agricultural development.
The Director of the Agricultural Insurance Department at Shikan Company, Dr. Al-Yas Al-Amin Mohamed, has affirmed the importance of the agricultural insurance in compensating producers for losses due to natural risks, encouraging the production, controlling technical packages and contributing to resolving insolvency