According to the Ministry of Industry (MoI), applications for the second round of oil mill loans will close on 23 October.
The Directorate of Industrial Supervision and Inspection under the MoI has announced that they will provide additional loans to oil mill entrepreneurs who did not receive loans during the first batch of oil mill loans.
Oil mill operators wishing to apply for a loan can obtain oil mill loan proposal forms for free on the websites of the Directorate of Industrial Supervision and Inspection and the Ministry of Agriculture, Livestock, and Irrigation. The criteria to be considered and prepared when applying for a loan can also be found on these websites.
Loan proposals and required documents can be submitted in person or placed in sealed envelopes and sent to Office No 37, Directorate of Industrial Supervision and Inspection, Ministry of Industry, by 23 October.
Regarding the first round of oil mill loans, K50 billion has been approved by the State Economic Promotion Fund, and the loans have already been disbursed to oil mill operators. — TWA/CT
