The Board of Directors of the Agricultural Lending Institution approved today, Sunday, chaired by the Minister of Agriculture, President of the Board, and in the presence of his deputy, the general manager of the institution, and the board members from representatives of both public and private sectors, the institution's budget for 2026, adopting a lending budget valued at 70 million dinars, with an increase of approximately 10 percent compared to 2025.
This came within the framework of implementing the expansion plan that the board had previously approved and in response to the growing demand for agricultural financing and the improved capabilities of the institution to meet the needs of farmers.
The board also approved the creation and launch of an exemption program for humanitarian cases that include death or disability, specifically for some borrowers not covered by the insurance fund currently in use at the institution. This account will be funded from the returns on investments of participations in the Takaful fund and donations from Islamic Murabaha, to offer exemptions reaching up to 500 dinars for some deserving humanitarian cases.
During its meeting, the board reviewed the most prominent achievements of the institution for the current year, which saw continued improvement in various financial and administrative indicators, as most of the goals set in the approved plan were achieved.
The value of loans granted during the year was about 64 million dinars out of 65 million, with an achievement rate that reached 98 percent, benefitting 12,880 farmers, an increase of 25 percent compared to 2024.
The loans covered most agricultural sector activities, focusing on encouraging modern agriculture, supporting value chains, and empowering women and youth, while the value of the amounts granted without interest during the current year was about 11 million dinars.
Regarding collections, the board explained that the amounts collected until December 15 of the current year were about 61 million dinars, out of a collection plan totaling 70 million, with an achievement rate of 87 percent, with expectations that the collection values would rise to about 65 million dinars by the end of the current year.
In the field of achievements of the life insurance fund for the institution's borrowers, the board stated that the number of beneficiaries who were compensated reached 46 farmers, with a total value of 216 thousand dinars, as part of enhancing the social protection umbrella for borrowers and supporting their economic stability.
