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Matt Carthy TD sets out critical need for agricultural loan schemes

Sinn Féin spokesperson on Agriculture and member of the Public Accounts Committee, Matt Carthy TD, has criticised the government’s approach to facilitating credit for farmers and the agricultural sector more broadly as insufficient  and as leaving farmers without the support they need . Teachta Carthy was speaking following a Dáil motion which provided additional funds to the Strategic Banking Corporation of Ireland (SBCI) which has previously offered a number of financial products to farmers. The Cavan/Monaghan TD said: “The SBCI has yielded mixed results with their Brexit and Covid loan offerings. Significant variance in draw down rates across their products has resulted in a significant amount of capital sitting idle.  This was funding that was meant to support our SMEs and farmers.

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