Ministry of Agriculture of the Republic of Kazakhstan: 12 priority areas of the agro-industrial complex will receive budget lending at a preferential rate of 2.5%

Published Jun 21, 2024

Tridge summary

The Ministry of Agriculture in Kazakhstan has announced changes to agricultural lending rules to boost the agro-industrial complex. The changes will provide preferential financing for projects in 12 areas, with loans available through local executive bodies. Entrepreneurs can obtain loans at a preferential rate of 2.5% for up to 10 years, with the maximum loan amount set at 5 billion tenge.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Kazakhstan, the rules for lending to projects in the agricultural sector have changed, reports the press service of the Ministry of Agriculture of the Republic of Kazakhstan. “In order to stimulate the development of the agro-industrial complex of Kazakhstan, increase the productivity and competitiveness of the agricultural sector, the Ministry of Agriculture of the Republic of Kazakhstan adopted an order to amend the rules for lending to projects in the field of the agro-industrial complex. The changes cover preferential financing of projects in 12 areas,” the Ministry of Agriculture of the Republic of Kazakhstan informed. According to the information, lending will be provided by local executive bodies through an ...
Source: Agrosektor
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