Turkish PM says gov’t working on plans to ease loan conditions, life for farmers

“We have started work to decrease rates in housing loans. We will also increase the number of installments in consumer loans in a bid to facilitate the repayment conditions for our citizens,” he said during a parliamentary group meeting of the Justice and Development Party (AKP). 

Yıldırım noted that the delayed loan debts of farmers who were members of co-ops within the Agricultural Ministry would be restructured. 

“We will extend the repayment due for these debts worth around 640 million Turkish Liras [$215 million] to five years. In this vein, we will halt the execution of these debts,” he said. 

Yıldırım also added that the debts of farmers who suffered from disasters to the state-run Ziraat Bank and the Agricultural Loans Co-Op will be delayed by one year. 

He also noted that some 15,000 new contracted teachers and 10,000 police officers will be hired in the upcoming period. 

Yıldırım added that mega projects will no longer face any financing problem after the launch of the planned sovereign wealth fund.