Rural Business Development Corporation (RBDC)

The Rural Business Development Corporation (RBDC) administers financial support schemes for the farming sector on behalf of the State and delivers other services for the benefit of rural industry.  The RBDC Act allows the RBDC to administer any 'approved assistance scheme' - any scheme that states the purpose and nature of financial assistance, identifies the categories of persons eligible for financial assistance and is approved by both the Minister and the Treasurer.  The RBDC also provides advice to the Minister on a range of rural issues.

Support schemes

Farm Debt Mediation (WA) Scheme - currently open for applications

Drought Concessional Loans Scheme 2016 

30 June 2017 - Application period for Drought Concessional Loans Scheme ended 30 June 2017.

 

13 December 2016 – Application closing date extended until 30 June 2017 – The Australian and Western Australian governments have agreed to extend the closing date for applications for the Drought Concessional Loan scheme to 30 June 2017.

 

1 February 2017 - Interest rate change. The Federal Minister for Agriculture announced the variable interest rate on loans delivered under the Drought Concessional Loans Scheme will fall to 2.53% from 1 February 2017. For more information on this, please view the Minister's announcement.

 

30 June 2016 - Scheme application period extended. The Drought Concessional Loans Scheme application period was extended, with the closing date for applications 31 October 2016.

 

12 April 2016 - Scheme open. The Deputy Prime Minister and Minister for Agriculture and Water Resources Barnaby Joyce and WA Minister for Agriculture and Food Dean Nalder have announced that the Drought Concessional Loans Scheme is open in Western Australia to assist those farmers impacted by drought to access concessional interest rate loans at 3.05%.

 

1 August 2015 - Interest rate change. The Federal Minister for Agriculture announced the variable interest rate on loans delivered under the Drought Concessional Loans Scheme will fall to 3.05% from 1 August 2015. For more information on this, please view the Minister's announcement.

Farm Finance Concessional Loans Scheme - interest rate change

1 February 2017 - Interest rate change. The Federal Minister for Agriculture announced the variable interest rate on loans delivered under the Farm Finance Concessional Loans Scheme will fall to 3.03% from 1 February 2017. For more information on this, please view the Minister's announcement.

 

1 August 2015 - Interest rate change. The Federal Minister for Agriculture announced the variable interest rate on loans delivered under the Farm Finance Concessional Loans Scheme will fall to 3.55% from 1 August 2015. For more information on this, please view the Minister's announcement.

Contact information

Rural Business Development Unit
1800 198 231
Page last updated: Thursday, 6 July 2017 - 3:58pm