ASTANA, Kazakhstan, February 5. Kazakhstan will
increase funding for spring fieldwork to 700 billion tenge ($1.33
billion) in 2025, said Minister of Agriculture Aidarbek Saparov
during a meeting with the leadership of the National Managing
Holding "Baiterek" and representatives of financial institutions
within the holding, Trend reports.
The main focus of the meeting was on the issues of accepting
applications for early funding for spring fieldwork and harvest
operations for 2025.
As part of the implementation of the President's instruction, up to
700 billion tenge ($1.33 billion) is planned to be allocated for
these purposes, of which 560 billion tenge ($1.06 billion) will be
raised from market capital sources.
A total of 1364 agricultural producers submitted applications
totaling about 205.1 billion tenge ($390.7 million), of which
applications from 1253 agricultural producers for 195.5 billion
tenge ($370.5 million) have already been accepted. 907 agricultural
producers have been financed for a total of 125.6 billion tenge
($238.6 million).
The meeting also addressed the issue of removing certain
requirements imposed on farmers when applying for loans for spring
fieldwork. The minister's instructions have been taken up by the
"Baiterek" holding and will be reviewed shortly.
Additionally, issues of expanding cooperation, preferential
lending directions, attracting investments into the agricultural
sector, projects implemented with the funds of the "Agrarian Credit
Corporation" on priority areas of the agro-industrial complex, new
financing mechanisms, and plans for 2025 were discussed.
In implementing the instructions of the Head of State, Aidarbek
Saparov emphasized the importance of cooperation for achieving
sustainable agricultural development, introducing new support
measures for the agricultural sector, and the need to accelerate
the financing of the industry.
To note, on November 29, 2024, the financing program "Ken dala 2"
was launched at the Agricultural Credit Corporation with a
favorable interest rate of 5 percent per annum.