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By the end of the year more than 20 farmers will receive funding

- North-Kazakhstan Region
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Applications of farmers for obtaining loans within the state programs are being accepted in Ualikhanovsk district

After the Ministry of Agriculture announced the approval of new credit products for the development of agricultural cooperatives, agricultural producers of the region were looking forward to the start of receiving applications. A total of 31.8 billion tenge has been allocated for the program "Yntymak", the development of animal husbandry "Igіlіk", the creation of milk collection points - "Birlik", creation of family feedlots "Bereke".

Reception of applications within the program "Bereke" is being carried out. JSC "Fund for Financial Support of Agriculture" and a branch of RCE in Ualihanovsk district conducted a joint operation to collect the necessary documents for the organization to receive credit funds within the established co-operatives in the region and implementation of feedlots to produce high-quality agricultural products.

It is a good opportunity for agricultural cooperatives to increase significantly the number, since the main goal of the program is the acquisition of cattle, between the ages of 12 to 24 months. The amount of financing should not exceed 150 000 tenge per head. Farmers can get a loan up to 4 million tenge. Annual effective interest rate is not more than 6.7% for a period of 60 months. If the borrower is a physical body, prior to the signing of the loan agreement, he must register as an individual entrepreneur and to enter into an agricultural cooperative.

In general, it is planned to finance more than 20 borrowers in Ualihanovsk district before the end of 2016.


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