The FPA will roll out its free financial advice program to rural communities across Australia in 2008.
The pro bono scheme looks to provide free advice to farmers and small businesses in drought-affected regions.
The FPA launched a pilot scheme in the Sunraysia region of North Western Victoria yesterday.
"This program will offer a lifeline for many in the community and has strong support from local financial planners who are keen to offer their help," FPA Sunraysia chapter chair Stephen Wait said.
The FPA scheme was launched in association with the Department of Agriculture, Fisheries and Forestry and with the support of the Federal Government's office of rural financial counselling.
"Problems with cash flow, debt management and access to government assistance are all areas where rural financial counsellors have traditionally played an important role - but under legislation, they are not permitted to give financial advice," FPA chair Corinna Dieters said.
"Over time we will seek to extend the pro bono program to other communities - whether drought stricken, devastated by a natural disaster, or dealing with other social issues - perhaps in partnership with other organisations working at community level."
Eligibility for pro bono financial advice within the FPA's pilot program is restricted to people who are referred by rural financial counsellors and are in need.
