Bashkiria agrarian and industrial complex plans to raise 40 billion rubles of preferential loans

UFA, 30 January 2019. /Bashinform News Agency/ translated by Tatiana Aksyutina/.

This year, the agricultural enterprises of Bashkiria will attract up to 40 billion rubles of preferential loans - almost two times more than in 2018 (22 billion). The growth in volumes is due to the implementation of large-scale investment projects in the field of the agro-industrial complex in the republic, the Ministry of Agriculture RB explains.

The program of crediting the agricultural sector at the rate of 5% started from the beginning of 2017, in the first year of its operation, the sum of soft loans amounted to 11 billion rubles.

According to the calculations of the Ministry of Agriculture, to conduct the current sowing campaign, the region will need about 11 billion rubles, more than half of this amount - borrowed funds. Last year, the cost of the sowing and harvesting campaigns, forage preparation, was estimated at 15.4 billion rubles, of which 9 billion were borrowed funds.