Farmers will be able to obtain loans at five percent per annum

Galina Bakhshieva

UFA, 2 November 2016. /Bashinform News Agency, Galina Bakhshieva/. In 2017, farmers will be able to obtain loans at five percent per annum. The Minister of Agriculture RB Nikolay Kovalenko told about preparing measures of agricultural producers’ state support during a business-marathon organized by the "Komsomolskaya Pravda" newspaper and Rosselkhozbank. As reported in the national media, the Prime Minister of the Government of the Russian Federation Dmitry Medvedev said that the next year the amount of state support for agriculture would not be reduced, and in 2016 the budget allocated 214 billion rubles for these purposes.

As Nikolai Kovalenko explained that farmers were forced to use their working capital to pay for the subsidized part of the rate, and then get a refund from the state. Therefore, the Ministry of Agriculture of Russia has proposed to change this scheme and direct subsidies directly to banks-agents to recover the lost revenue.

According to the Ministry of Agriculture RB, 98 percent of agricultural lending is accounted for the Rosselkhozbank. As of October 1, 2246 contracts were concluded with Bashkir farmers (31 percent more than last year) amounting to more than 7 billion rubles. Of these, 84 percent were loans for seasonal field work.

#farmer #subsidies #support

Join us - get more news faster on our social media:

Rubrics

Phone

Office: +7(347) 250-05-07 Advertising office: +7(347) 250-11-11 Editors office: +7(347) 250-07-28 Cooperation: +7(347) 250-06-14

inf@bashinform.ru

Address

450077, Ufa, Kirov street, 45

© 1992-2026 Bashinform News Agency JSC. Mass Media Registration Certificate No. TU 02-01609 dated September 25, 2017, issued by the Office of the Federal Service for Supervision of Communications, Information Technology and Mass Media for the Republic of Bashkortostan.

All information and content posted on the website www.bashinform.ru are protected by international and Russian copyright and related rights legislation. All reports by the Bashinform News Agency are intended for users over 18 years of age.

When reprinting or quoting, a reference to Bashinform News Agency is mandatory. For online publications and social media, a direct active hyperlink is required. Using the Bashinform News Agency logo for purposes not related to the agency when reprinting or quoting is permitted only with the written permission of JSC Bashinform News Agency.