The government will allocate 20 billion for preferential loans for farmers of Russia
Innovation & Technology
Published Feb 13, 2024
The Russian government plans to provide 20 billion rubles in new support to domestic agricultural producers through preferential lending. This funding will subsidize loans for agricultural enterprises, aiding in the production and processing of their products. The initiative is expected to facilitate large investment projects, boost production and processing of agricultural products domestically, and ensure a high-quality and diverse food supply for Russians. This move aligns with President Vladimir Putin's directive to enhance the efficiency of state support for Russian agriculture.
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It is planned that with their help, farmers will be able to attract credit funds on preferential terms totaling over 804 billion rubles for seasonal field work. The Prime Minister noted that this issue is relevant right now, when preparations for spring sowing have already begun in the Russian regions. In particular, we recall that regions in the south of Russia are ready to carry out sowing work this month. Loans at favorable rates have become available to Russian fish farmers It is also expected that this measure will make it possible to implement large investment projects related not only to the actual increase in production, but also to an increase in the processing of obtained agricultural products at domestic facilities, and, as a result, to uninterruptedly provide Russians with a high-quality and varied range of food. In addition, this will allow us ...