Umahi who spoke through the state Commissioner for Agriculture and Natural resources, Chief Moses Ogodoali Nomeh said the loan would be strictly for rice farmers and other agricultural products excluding cassava farmers.
He however, explained that those owing the state government in last year’s farming season would not benefit from this year’s farming season loan.
Explaining further, Mr ogodoali said that the loan will be given according to the capability of each farmer.
He said: “we are given loan to farmers of all cardre in Ebonyi state, we are considering Withholding those of cassava farmers, cassavas are not being sold in the state presently, because almost everybody has cassava farm.
“Government has mapped out 3 billion naira for this loan and it is already with Zenith bank .The form is free. We have 13 units collection point in the office for the form, which is each local government has an officer handling it. You don’t need special recognition before you collect a form you only need to be qualifying for the loan.
“From next Monday we shall start processing of the forms, and my believe is that by first week of April the money will be disbursed to farmers.
“This loan is meant for only people who have paid up the one they obtained last year and those who have not collecting before.
“We are giving this loan base on your ability to pay back, if you can cultivate up to ten hectares of land we give you money for it, if it is two hectares, fifty hectares and so on we give according to your capability.
“But we must inspect your land; you must give us guarantor and collateral. We only require collateral when you are collecting from two million and above but if it is less than that two million there will be no need for collateral but there must be guarantor”. He said.