The Government of Grenada is finalizing the loan agreement with the Grenada Co-operative Nutmeg Association, before disbursing the financial package approved by Cabinet.<\/p>\n
During a meeting in May, Cabinet approved a grant of one million EC dollars to the GCNA, recognizing that sale of the produce was interrupted by the COVID-19 pandemic.<\/p>\n
The grant is to be used strictly for price support payments for farmers across the country, and not to fund administrative expenses.<\/p>\n
In addition to the one million dollar grant, government also proposed a loan of two million EC dollars to the GCNA.<\/p>\n
The signed loan agreement, which is a standard requirement, is mandatory for the Ministry of Finance to initiate payment to the GCNA.<\/p>\n
The government of Grenada is also providing financial support to the Grenada Cocoa Association.<\/p>\n
Earlier this month, Cabinet approved a grant of one million EC dollars to the GCA, to provide price support payments to farmers, similar to what was approved for the GCNA. A loan of one million EC dollars was also approved by Cabinet for the GCA.<\/p>\n
Following Cabinet\u2019s decision, formal correspondence was sent to the Grenada Cocoa Association, which has acknowledged receipt of the proposal.<\/p>\n
The Ministry of Agriculture and Lands awaits formal correspondence from the GCA before finalizing the legal process, following which the money will be disbursed by the Ministry of Finance.<\/p>\n
The Government of Grenada is finalizing the loan agreement with the Grenada Co-operative Nutmeg Association, before disbursing the financial package approved by Cabinet. During a meeting in May, Cabinet approved a grant of one million […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":5966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[43],"tags":[],"class_list":{"0":"post-6215","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-argriculture"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?fit=579%2C370&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"rttpg_featured_image_url":{"full":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?fit=579%2C370&ssl=1",579,370,false],"landscape":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg",579,370,false],"portraits":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg",579,370,false],"thumbnail":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?fit=300%2C192&ssl=1",300,192,true],"large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?fit=579%2C370&ssl=1",579,370,true],"1536x1536":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?fit=579%2C370&ssl=1",579,370,true],"2048x2048":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?fit=579%2C370&ssl=1",579,370,true],"mh-magazine-slider":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?resize=579%2C370&ssl=1",579,370,true],"mh-magazine-content":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?resize=579%2C370&ssl=1",579,370,true],"mh-magazine-large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?resize=579%2C370&ssl=1",579,370,true],"mh-magazine-medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?resize=326%2C245&ssl=1",326,245,true],"mh-magazine-small":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2020\/04\/Ready-to-Harvest-Nutmeg-Fruits.jpg?resize=80%2C60&ssl=1",80,60,true]},"rttpg_author":{"display_name":"adminrfm","author_link":"https:\/\/drealfmgrenada.com\/index.php\/author\/adminrfm\/"},"rttpg_comment":0,"rttpg_category":"Agriculture<\/a>","rttpg_excerpt":"The Government of Grenada is finalizing the loan agreement with the Grenada Co-operative Nutmeg Association, before disbursing the financial package approved by Cabinet. During a meeting in May, Cabinet approved a grant of one million [...]","_links":{"self":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/6215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/comments?post=6215"}],"version-history":[{"count":1,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/6215\/revisions"}],"predecessor-version":[{"id":6216,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/6215\/revisions\/6216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media\/5966"}],"wp:attachment":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media?parent=6215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/categories?post=6215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/tags?post=6215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}