(Limerick East) asked the Minister for Agriculture and Food the reason the audit section of his Department deemed that a person (details supplied) in County Limerick was ineligible for the reduced interest subsidy scheme; and if he will make a statement on the matter.
Written Answers. - Interest Subsidy Scheme.
45.
Following an audit examination, the lending institutions concerned were notified that the Exchequer contribution would not be paid to them in this case because the person concerned was deemed not to be in severe financial difficulty and because his net assets were deemed to be in excess of the limit of £200,000.
Additional information has been submitted by one of the lending institutions and the case is now being reviewed.