8.2 billion Roubles have been provided for soft loans for agriculture in 2017
Источник: The DairyNews
New concessional lending will help to reduce the financial burden on agricultural producers, said during a working meeting the Deputy Minister of agriculture Igor Kuzin.
We will remind, at present the Ministry of agriculture is considering a new concessional lending, implying a shift to a system in which the interest rate for agricultural producers will initially be 5% per year. The subsidy itself in the key rate will be transferred directly to authorized banks for reimbursement of their lost income.
"The new lending will help to reduce the financial burden on agricultural producers, since they will not have to divert working capital to pay the subsidized part of the interest rates and wait for their return in the form of subsidies, as it is happening today, under the current system," said Igor Kuzin.
The event "Support of concessional lending to the agro-industrial complex" will be included in the new subprogram "Promoting of investment activity in agro-industrial complex", the State Program of agricultural development.
The draft federal law "On the Federal budget for 2017 and the planned period of 2018 and 2019" for the provision of concessional loans in 2017 8.2 billion Roubles is provided.
Read full article in Russian on DairyNews.ru
"The new lending will help to reduce the financial burden on agricultural producers, since they will not have to divert working capital to pay the subsidized part of the interest rates and wait for their return in the form of subsidies, as it is happening today, under the current system," said Igor Kuzin.
The event "Support of concessional lending to the agro-industrial complex" will be included in the new subprogram "Promoting of investment activity in agro-industrial complex", the State Program of agricultural development.
The draft federal law "On the Federal budget for 2017 and the planned period of 2018 and 2019" for the provision of concessional loans in 2017 8.2 billion Roubles is provided.
Read full article in Russian on DairyNews.ru
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