Wheat invoice payments begin for farmers in Jal Agha

The Agricultural Cooperative Bank in Jal Agha began today disbursing the first installment of payments owed to farmers for their wheat crop invoices, following the allocation of funds by the Central Bank. The disbursement process will be completed through monthly installments, depending on the availability of cash liquidity.

The bank was allocated 25 million Syrian pounds for the first installment, benefiting approximately 15 to 17 farmers. No date has yet been set for the disbursement of the second and subsequent installments, as this will depend on the availability of cash liquidity.

Reem Hweija, director of the Agricultural Cooperative Bank in Jal Agha, told our agency that the first installment covers the entitlements of farmers in Jal Agha and its surrounding towns. She explained that the amounts being disbursed range from 1 million to 1.5 million Syrian pounds per farmer, in addition to the full payment of all invoices valued at less than 1 million Syrian pounds as part of this installment.

Regarding the mechanism for disbursing payments through the Sham Cash platform, she explained that listing invoices in farmers’ accounts through the platform has become an available option rather than a mandatory requirement. Farmers are entitled to choose the method that suits them, whether by waiting to receive payment for their invoice through the bank or by using their account through Sham Cash.

ANHA