Sugar Cane Growers Fund financially empowering Fijians

Are you an existing or potential grower? You can apply for housing eligibility funds with the Sugar Cane Growers Fund (SCGF) to buy a cane farm or even reduce your cane farm loan . The approved Fiji National Provident Fund (FNPF) lender is urging people.

Especially those who have lost their job with a farming background or otherwise, looking at buying a farm to utilise this facility.

Sugar Cane Growers Fund chief executive officer Raj Sharma said: “This may include sugar farms that would be part of the investment which would complement the income and also food security.

“This means a person may use part of the Preserved or Housing Eligibility amount in the purchasing a farm.

“SCGF provides farm purchase loans with equity of 30 per cent that may include FNPF or cash contribution or another property as security. The loan term is 12 to 15 years with an interest rate of 6 to 6.5 per cent.” Mr Sharma said there was also a government grant scheme for the first timers subject to meeting the guidelines.

“Under the scheme the women or youths are given loans at six per cent.

“Sugar Cane Growers Fund provides loans for the sugar cane farmers and have district offices across the cane belt city and towns.”