Royal Decree 23/84 Approving the Provision of Loans to Agricultural and Fisheries Projects under the Financial Support Decree for the Private Sector

We, Qaboos bin Said, the Sultan of Oman

after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,

Royal Decree 83/80 Concerning the Financial Support for the Private Sector in the Fields of Agriculture, Fisheries, Industry, Minerals, and Quarries,

and Royal Decree 70/81 Adopting the Executive Regulation of the mentioned Royal Decree 83/80,

and in pursuance of public interest,

have decreed as follows

Article 1

In exception to the provisions of article 3 of the mentioned Royal Decree 83/80, the Minister of Agriculture and Fisheries may provide loans to productive projects operating in the field of agriculture and fisheries in accordance with what he deems to be in the public interest and in coordination with the financial entities.

Article 2

Loans provided by the Ministry of Agriculture and Fisheries in accordance with this decree are subject to all the conditions stipulated in the mentioned Royal Decrees 83/80 and 70/81, with the exception of the period specified for the repayment of the loan, which the Minister of Agriculture and Fisheries may reduce.

Article 3

This decree must be published in the Official Gazette, and comes into force from the date of its issuance.

Issued on: 8 Jumada Al-Thani 1404
Corresponding to: 11 March 1984

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 284 issued on 15 March 1984.