08 September 1999
Belgians farmers receive dioxin-linked aid
By FWi staff
BELGIAN livestock producers hit by the recent dioxin scandal are to receive preferential loans to help keep their businesses afloat.
The European Commission has ruled that a scheme funded 50-50 by the state and the Belgian Bank Association is acceptable state aid.
Eligibility is restricted to holdings which experienced more than a 25% decline in farm revenue during June and July.
Individual units are limited to a maximum BFr5m (£82,000) loan, at a rate of interest some 30 points below the Belgian base rate.
The scheme as a whole may not exceed BFr25bn (£410m).