The Tasmanian Government's Young Farmers Interest Rebate Scheme is part of the Sustainable Management of Agricultural Resources in Tasmania (SMART) farming initiative. The scheme is an interest rebate on commercial loans to assist young farmers (generally under 40 years of age and who meet the eligibility requirements), to enter the industry, expand an existing enterprise, or improve productivity.

The 2008-09 scheme opened on 1 July 2008.

Successful applicants will receive a rebate on their commercial loan approved by a commercial lender from 1 July 2008, of up to three per cent of the amount borrowed, to a maximum of $30 000 per annum for two years.

There is a limited final allocation of funds for the operation of the scheme.

Accordingly, people seeking to apply should be aware there is a risk they may not receive the interest rebate, even if eligible.

The program guidelines and terms and conditions can be downloaded here. (Adobe PDF)

For further information please contact Business Point on:

Phone: 1800 440 026

Email: businesspoint@development.tas.gov.au