Regulatory Alerts2024-10-17
Circular to Banks No. 12 of 2024 Regulating State Subsidy for Interest Rate Differential on Seasonal Grain Loans to Small Farmers
The Central Bank of Tunisia issued Circular No. 12 of 2024 to regulate the disbursement of state subsidies covering the interest rate differential, capped at three points, for seasonal grain loans granted to small farmers. The circular establishes a dedicated account and specifies loan limits of 50,000 Tunisian Dinars for principal loans and 15,000 Dinars for supplementary loans, with disbursement deadlines extending through December 2026 and corresponding bank withdrawal requests due by March 2027. Banks must submit detailed annual compliance reports to the Ministry of Finance and the Central Bank by March 31 each year, ensuring transparent fund allocation and direct transfer to beneficiaries within fifteen working days of account booking.