SUGAR CANE GROWERS FUND

Sugar Cane Growers Fund

 

SUGAR CANE GROWERS FUND LENDING POLICIES

 

The Sugar Cane Growers Fund Authority was established by Act No. 9 of 1984 enacted by the Parliament of Fiji on 26 July 1984. It is the successor to the Sugar Cane Price Support Fund and Stabilization Fund. The name has been changed to Sugar Cane Growers Fund by Amendment Act 12 of 1996.

 

 

FUNCTIONS

 

The Functions of the Fund are to provide loans to Sugar Cane Growers for the following purposes:-

 

(a) Which in the opinion of the Board will increase the production of Sugar Cane

(b) Which in the opinion of the Board will improve efficiency in the planting, growing, harvesting and transportation of Sugar Cane

(c) Carrying out of work which the Board considers necessary or desirable rehabilitate farms, buildings and other installations damaged,        destroyed or affected by floods, cyclones, droughts or other natural disasters

(d) The carrying out of work which the Board considers necessary or desirable to establish sugar cane farms and to construct buildings and other  installations on those farms

(e) The carrying out of work which the Board considers necessary or desirable for crop diversification

(f) The making of provision to such extent as the Board considers necessary for the personal family needs of Growers during periods of financial distress or hardship

(g) To enable cane growers to participate in commercial ventures which, in the opinion of the Board, are intended to benefit the cane growing industry