The Ministry of Agriculture has changed the rules for subsidizing farmers. The amendments will improve their conditions, El.kz reports citing the press service of the department.
In particular, some farmers who had already received a loan from second-tier banks could apply for subsidies for 4 years.
"The rules have been amended to stipulate that subsidies will be paid, including for proposals on the waiting list, for which the loan agreement has expired at the time of the conclusion of the subsidy agreement. This will protect the rights of agricultural entities when participating in the subsidy program," the Ministry of Agriculture explained.
And projects within the framework of the mechanism of lending and financial leasing of priority projects will be subsidized by adding up the base rate of the National Bank plus 4.5% per annum in tenge. Of these, 13.25% is paid by the state, and the difference is paid by the borrower. The new version of the subsidy rules will come into effect on December 10, 2023.
Over the past three years, within the framework of this program, more than 44,700 agricultural entities have received subsidies totaling 167 billion tenge. In 2023, about 81.3 billion tenge is provided for subsidizing interest rates in local budgets.
Subscribe to our Telegram channel and be the first to know the news!