Area
Kazakhstan
Commodity Group
Grains
Commodity
All
Date
01/03/2015
Policy Category
Production
Policy Instrument
Production support
Description
Allocated Tenge 20 billion (USD 108 million) to support agrarian industry with anti-crisis measures. According to the Ministry of Agriculture, the principle of financial recovery is applied to agricultural producers who cannot repay loans taken from second tier banks and other financial institutions.
Notes
To support such producers, the holding "KazAgro" sets an interest rate of not more than 3 percent per annum in tenge. Seven percent of the allocated funds will be reimbursed by the State in the form of subsidies.
