Purpose

This is a Government funded loans through SCGF, which is provided to growers to increase the production of the farm at zero per cent rate 

Limit: Maximum $5000.

Eligibility

Commitment Ratio of Loan Repayment to Net Farm Income to be below 60 percent, based on an average of past 3 years’ production and/or the forecast of the current year cane production or

Based on the farm development plan is able to demonstrate the repayment capabilities

Equity

No equity required 

Nil however if the grower fails to timely plant the cane and or is in default of the repayment, rate of 5% would apply.

Interest Rate

Nil however if the grower fails to timely plant the cane and or is in default of the repayment, rate of 5% would apply.

Term

5 years of which first year is a grace period

Repayment

Annual Repayment is deducted in instalment from cane proceed at Fiji Sugar Corporation

Security

Nil

Other Conditions

1. Upon receiving the executed Agreements, 50 % of the cost is released to the Grower and balance of the 50% is released upon satisfactory germination of the cane, jointly inspected by FSC and SCGF staff.
2. Should the grower fail to plant cane on timely basis, SCGF reserve the right to deduct 100% of the loan outstanding loan amount and grower may be banned from any of the industry assistance.