Oireachtas Joint and Select Committees

Tuesday, 2 May 2017

Joint Oireachtas Committee on Agriculture, Food and the Marine

Agriculture Cashflow Support Loan Scheme: Strategic Banking Corporation of Ireland

4:00 pm

Photo of Jackie CahillJackie Cahill (Tipperary, Fianna Fail)
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Could I have a bit of clarification from Mr. Ashmore please? I am sorry for harping on the issue. On the €25 million that was available in subsidy, would I be correct in saying that if 80% to 85% of the loans were over a six year period, the demand on the subsidy would be greater? How was the SBCI able to do its sums, or has it done its sums? Is Mr. Ashmore confident that the €25 million subsidy will cater for the duration of this scheme?