Kabar
In 2022, farmers in Kyrgyzstan will be allocated concessional loans of KGS 4 to 5 billion under the Agriculture Finance-10 project, Deputy Minister of Agriculture of the republic Nurdin Alisherov told during a press conference at Kabar News Agency.
A total of KGS 474 million subsidies are allocated from the republic budget of Kyrgyzstan for implementation of this project to cover the costs of commercial banks involved in the project.
“The target sectors for the issuance of concessional funds are livestock, crop production, food and processing industry. Thus, the final interest rate is set at 6% for all target industries,” the deputy minister said.
The size of the loan to be issued:
livestock and crop farming subjects – from KGS 300 thousand to 3 million;
poultry, fish farms, apiculture, fodder production and artificial insemination – up to KGS 10 million; enterprises of food and processing industry – from KGS 500 thousand to 20 million.
The project implementation period is 60 months.
The responsible executors of the project are the Ministry of Finance, the Ministry of Agriculture of Kyrgyzstan, the National Bank of the Kyrgyz Republic and commercial banks involved in the implementation. The purpose of the Agriculture Finance is to provide state support to the subjects of agriculture, food and processing industry for the timely implementation of agricultural field work by providing affordable and concessional credit facilities.
