Jewish Colonization Association to Accelerate Its Loan Aid
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Jewish Colonization Association to Accelerate Its Loan Aid

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The Jewish Colonization Association approved today its annual budget for its work in various countries, with the major part of its efforts again scheduled for Israel. The amount of the budget was not made public.

The budget indicated that measures to facilitate integration of newcomers in the countries of immigration, mostly through loan banks providing advances for housing and small businesses, would be accelerated in 1962, particularly in South America and France. In the latter country, the Paris Loan Bank will get additional aid from the JCA to help meet the heavy demands of increased migration to France from North African countries.

The budget also called for completion this year of the JCA’s two postwar colonies in Israel, Kfar Maimon and Moshav Lachish. Substantial steps were outlined in the program for consolidation of the agricultural and economic position of underdeveloped settlements in Israel. This program, which is being carried out jointly with the Jewish Agency, covers 20 of the settlements set up by the Agency since Israel statehood. It will benefit some 1,600 farming families, a total of 8,000 persons.

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