Oireachtas Joint and Select Committees

Tuesday, 21 March 2017

Select Committee on Agriculture, Food and the Marine

Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised)

4:00 pm

Photo of Charlie McConalogueCharlie McConalogue (Donegal, Fianna Fail) | Oireachtas source

I put it to the Minister that if he was handing over €25 million to the banks for that purpose and he was not clear on the percentage of loans that would have different terms, then it was wide open for the banks to get the better end of the bargain and make as much money as possible. To play devil's advocate, if all the loans were to be handed out over two years, in two years' time that €150 million would be out of the system and it would be normal bank lending again. That would be the extreme end of it but I want to be clear on whether the Department of Agriculture, Food and the Marine had clear targets and guidelines in terms of the proportion of loans that could have different terms.

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