Federal Member for Hume Angus Taylor made the announcement earlier today in a press release, after Prime Minister Scott Morrison's formal announcement last week.

The package is to support farmers and communities through the drought.

Neighbouring Hilltops Council will also receive $1 million.

"The rural communities in Hilltops and Upper Lachlan have been doing it tough, this funding will help these areas get through the drought and bounce back faster when the drought finally breaks," Mr Taylor said.

"This funding will go towards investment in projects that support jobs and businesses in the Upper Lachlan and Hilltops communities," Mr Taylor said.

Farmers can also access loans up to $2 million and small businesses can apply for interest free loans of up to $500,000.

Mr Taylor has invited farmers and small business owners doing it tough to get in touch with his office.

Another 122 local government areas across Australia have received funding.

More to come.

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