ASTANA, Kazakhstan, July 8. Kazakhstan is expected to introduce two preferential lending programs for farmers as part of the president’s initiative to double agricultural production, said Aidarbek Saparov, Minister of Agriculture of Kazakhstan, at a government meeting, Trend reports.
Based on the data, these initiatives are strategically
formulated to enhance the advancement of animal husbandry and
furnish enterprises with essential liquidity for operational
capital. The aggregate capital infusion is projected to reach 100
billion tenge, which is roughly equivalent to $190 million.
“The initial initiative delineates the earmarking of 50 billion
tenge ($95 million) for the procurement of genetic stock
encompassing both large and small ruminants,” the communiqué
articulates.
Agricultural producers will have the opportunity to secure
“extended-duration” financing at an interest rate of 5 percent
annually. An additional allocation of 50 billion tenge (equivalent
to $95 million) will be directed towards the facilitation of
lending for operational liquidity, mirroring the pre-existing
financial frameworks, with a stipulated interest rate capped at a
maximum of 5 percent annually.
