The Mauritius Cane Industry Authority (MCIA) and the Development Bank of Mauritius Ltd have signed a Memorandum of Understanding on 17 th January 2022 enabling the upfront financing for planters under the Agricultural Land Management Scheme – Cane Replantation
Scheme (ALMS – CRS Scheme).
The DBM will provide a loan of up to Rs50,000 per arpent repayable over a period of 2 years at an interest of 2% per annum, subject to the borrower complying and/or satisfying all the terms and conditions of the Bank. The loan shall be reimbursed as follows:
(i) Rs35,000 per arpent by the MCIA as grant element on behalf of the eligible
(ii) The balance of Rs15,000 per arpent together with interest over two years shall be
repaid by the planter in two consecutive annual instalments.
Planters should sign a contract agreement with the Mauritius Cane Industry Authority under the Agricultural Land Management System – Cane Replanting Scheme (ALMS/CRS) 2021/2022 to be eligible for this Scheme.
Eligible planters are hereby invited to contact the Farmers Service Centre of their region.
St Pierre FSC 433 1788
Solitude FSC 261 5184
L’Unité FSC 416 5084
Bon Accueil FSC 418 5678
Beau Champ FSC 417 8845
Rose Belle FSC 677 8591
St Félix FSC 622 6601
Riv du Rempart FSC 409 0757