Press Release: State aid: Commission authorises temporary Portuguese scheme to grant limited amounts of aid of up to €15,000 to farmers

The European Commission has authorised a Portuguese scheme with a budget of €50 million which aims at supporting farmers in Portugal who encounter difficulties as a result of the economic crisis. Aid under this scheme can be granted until 31 December 2011 and will take the form of interest rate subsidies.

This scheme is a further application of the Commission's Temporary framework for State aid measures to support access to finance in the current financial and economic crisis, adopted in December 2010 in order to allow Member States to grant limited amounts of aid to primary agricultural producers.

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