He explained that the scheme would help the beneficiaries to access loans from financial institutions.
Loan sharks are digital lending platforms that offer loans at extremely high-interest rates and often use threats to collect debts.
Meanwhile, the clock is ticking away and his own salary liabilities are piling up gradually.
This is to pave the way for smooth and unhindered access by the committee members to enable them to discharge their duties diligently.
The loan request was unanimously approved by lawmakers present at the sitting.
Additionally, member states had approved around €2 billion to finance weapons and military equipment for Ukraine.
The loan is to be used to defray arrears of unpaid certificates earned by contractors for the completion of ongoing projects in the state.
The NDE boss said the loan was being disbursed under the Sustainable Agricultural Development Employment Scheme and the Community Based Agricultural Employment Scheme.
The Assembly also approved request for 10 more special advisers.
