Tobacco loan approved

[NewsWhore]

The government has approved an RD$180 million loan for tobacco growers in Santiago and surrounding provinces whose main crop was damaged or destroyed by Tropical Storm Noel. This information was released by Agriculture Minister Salvador Jimenez. Jimenez said that the storm damaged more than 25% of the tobacco crop. Of the total RD$180 million, a large portion, RD$120 million will be managed through the Banco Agricola and the remaining RD$60 million will be managed through the National Tobacco Institute. Yesterday, the first payment of RD$1 million was distributed, and the authorities will give out the remaining funds over the next few days.

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