The Exceptional Circumstances Interest Rate Subsidy (ECIRS) provided business support to farms that were viable in the long term, but were in financial difficulties due to an EC event.
Interest rate subsidies were provided as a grant calculated against 50 per cent of the interest payable on new and existing loans for the first year of an EC declaration and at 80 per cent in the second and subsequent years, up to a maximum of $100,000 in any 12-month period and $500,000 over five years.
For information on drought and farmer assistance
- Drought and Farmer Assistance Hotline: 13 23 16
- For languages other than English: 131 202