{"id":673658,"date":"2025-10-16T00:00:00","date_gmt":"2025-10-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/16\/govt-extends-subsidized-loan-program-to-support-industry-agriculture-renewables\/"},"modified":"2025-10-16T00:00:00","modified_gmt":"2025-10-16T00:00:00","slug":"govt-extends-subsidized-loan-program-to-support-industry-agriculture-renewables","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/16\/govt-extends-subsidized-loan-program-to-support-industry-agriculture-renewables\/","title":{"rendered":"Gov\u2019t extends subsidized loan program to support industry, agriculture, renewables"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t extends agriculture and industry support initiative:<\/strong> The finance and industry ministries have approved a new EGP 90 bn program of subsidized loans for industrial, agricultural, and renewable energy players for the current fiscal year, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1AMgwwHsPQ\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links<\/strong> to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The program will offer financing at an interest rate not exceeding 15% for industrial, agricultural, and renewable energy activities. Some EGP 80 bn will be allocated to working capital financing, while EGP 10 bn will be earmarked for purchasing machinery and equipment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This year\u2019s package is smaller than last year\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0fbf63f-f196-4ab6-acac-529210bde7e3\/egyptian-government-greenlights-egp-120-bn-subsidized-loan-program-to-support-industry-and-agriculture\" style=\"\" rel=\"noopener\">EGP 120 bn initiative<\/a><\/strong>, which carried the same 15% interest rate \u2014 well below the central bank\u2019s current 22% lending rate. However, it remains 4 percentage points higher than the 11% rate applied under the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a1baa86d-c359-4cc5-bdd1-bee9b587290c\/\" style=\"\" rel=\"noopener\">2023 program<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The price tag: <\/strong>The interest rate differential under this round of the initiative will cost the state treasury around EGP 8 bn this fiscal year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works: <\/strong>Local banks will disburse the loans to those eligible and in return receive the difference between the 15% rate and the corridor rate from the Finance Ministry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The CBE had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b3fbe27d-0a52-434a-b969-b2b4e75f79e1\/\" style=\"\" rel=\"noopener\">halted<\/a> its low-interest financing programs for industrial, agricultural, and contracting companies in 2022, transferring their management to the relevant ministries in line with IMF requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Loans offered under the program will come at a 15% interest rate<\/p>\n","protected":false},"author":1,"featured_media":673659,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7691],"tags":[97,7106,72,7087,7196,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-673658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-agriculture","tag-debt","tag-enterpriseam","tag-finance","tag-industry","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"830b0126-a7ee-40d9-9804-75d26ff8dcb3","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/695.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt extends subsidized loan program to support industry, agriculture, renewables","related_issue":[673650],"teaser":"Loans offered under the program will come at a 15% interest rate","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.9dd6e6ca-a1cc-4fd6-bcc1-79acc6ec5a10.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The program is set to launch next week, immediately\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/192.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617976,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/01\/govt-greenlights-egp-120-bn-subsidized-loan-program-to-support-industry-and-agriculture\/","url_meta":{"origin":673658,"position":2},"title":"Gov\u2019t greenlights EGP 120 bn subsidized loan program to support industry and agriculture","author":"enterpriseam admin","date":"1 April 2024","format":false,"excerpt":"The 15% interest rate charged is nearly half the central bank's post-float 28.25% lending rate","rel":"","context":"In &quot;Finance&quot;","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2721.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585656,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/27\/tourism-players-once-again-have-access-to-subsidized-loans\/","url_meta":{"origin":673658,"position":3},"title":"Tourism players once again have access to subsidized loans","author":"enterpriseam admin","date":"27 April 2023","format":false,"excerpt":"The gov\u2019t will offer EGP 10 bn worth of loans at an 11% rate to the industry","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/869.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585040,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/no-interest-rate-hikes-on-soft-loans-to-industry-agriculture-players\/","url_meta":{"origin":673658,"position":4},"title":"No interest rate hikes on soft loans to industry, agriculture players","author":"enterpriseam admin","date":"10 April 2023","format":false,"excerpt":"Subsidized loans will stay at 11% despite the CBE\u2019s rate hike","rel":"","context":"In &quot;Debt&quot;","block_context":{"text":"Debt","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/debt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/391.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567104,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/13\/cbe-ends-egp-5-bn-medium-sized-business-initiative\/","url_meta":{"origin":673658,"position":5},"title":"CBE ends EGP 5 bn medium-sized business initiative","author":"enterpriseam admin","date":"13 January 2020","format":false,"excerpt":"CBE ends EGP 5 bn medium-sized business initiative: The Central Bank of Egypt has issued a statement (pdf) instructing banks to stop giving out new subsidized loans to medium-sized industrial, agricultural and renewable energy firms under its EGP 5 bn finance initiative. 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