A partner in the history of the agricultural and rural world, CAM is innovating by launching a new method that now allows the farmer to have two separate and waterproof accounts: a professional account “Hssab Al Ard” involved in his farm and his professional activity and another personal. account “Hssab Dar” to manage his personal and family needs, determines CAM.
While in the history of the rural world and in the absence of a legal structuring of their professional activities, farmers have always mixed personal and professional expenses, CAM now provides farmers with an unprecedented solution with the possibility to benefit from a difference between their personal needs, income and expenses as private clients and their income and expenses related to their professional activities such as in practice in the urban world.
This new approach is part of the support and co-operation of the establishment of the National Register of Agriculture (RNA) and the program of generalization of social security for the benefit of farmers, underlines the Bank.
Therefore, this approach conceptualizes dual banking relationship for farmers to support them in their professional activities and in their private activities, based on the establishment of ANN to ensure specific and distinct management of projects in funding. farmer’s account while offering him to open a free personal account to cover all his personal and family needs.
This new approach allows the farmer to have access to his personal funds with complete peace of mind to meet the needs of his family in the event of professional difficulties related to his farm.
Hssab Al Ard, the dedicated account of the management of professional needs Thanks to the recognition of the unique amount provided within the framework of the implementation of the National Agricultural Register, the farmer can benefit from an existing account that allows , in account credit operations. , the issuance of credits, operating income, FDA subsidies, other financial incentives from the State, payments from MAMDA insurance products (Multi-risk Climate Insurance, Arboriculture Insurance and Livestock Mortality Insurance, etc.). ).
This account will be debited with various operating expenses, irrigation water payments, debt repayments and AMO contributions to the CNSS. This professional account will act like the business account according to the price applied for the various operations.
Hssab Dar, a free personal account to manage personal needs Identified by the CNIE number, the farmer can create a checking account that allows him to manage his personal and family income and expenses and treat his savings as credit transactions, his retirement income, various transfers to his benefit, income from non-farm operations. The debit will include personal expenses, personal debt payments (non-operating), subscriptions to optional bancassurance products (savings, retirement, health, etc.). Hssab Dar is a personal account offered by the bank and for which no account maintenance fee is payable.
A multi-channel offer for easier personal account opening for the farmer wherever he is In addition to the Physical Agency and Mobile Agency channels, CAM democratizes access to digitalization and offers the possibility of farmers through the mobile application “Hssab-e” to benefit from the digital offer dedicated to this method.