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

-----has the Minister already agreed that the banks will get all of that €25 million or could there be an underspend in that regard? To summarise, it is clear from what the Minister is saying to me, although he is not able to give me the details, that he has agreed with the banks and the SBCI that they would get €25 million. That figure is clear. It is also clear that the maximum amount that will be lent out is €150 million but the Minister cannot give me clarity on the loan terms. What proportion of the different loans will be for what terms? The banks are getting €25 million-----

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