Business • 31 May, 2018

MA starts providing loans to farmers under Sybaga and Altyn Assyq programs

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May 31 in the village of Novomarkovka, Ereimentau district, Akmola region, a press conference was organized by the Ministry of Agriculture as part of the awareness raising campaign on the new sectoral program for the development of livestock breeding for 2018-2027, reports primeminister.kz.

The priorities and mechanisms developed in the new program for the development of beef cattle breeding are the direct implementation of the tasks set by the Head of State to increase the export potential of domestic agricultural producers, especially the labor productivity in the agro-industrial complex and export of agricultural products at least 2.5 times.

As noted in the Ministry of Agriculture, the head of the peasant farm "Manat" was awarded the first loan for the purchase of breeding cattle stock. The farmer plans to allocate 23,390,000 tenge of borrowed funds to purchase cattle and forage equipment.

In accordance with the new sectoral program for the development of livestock breeding for 2018-2027, the Ministry of Agriculture provided agricultural producers with affordable loans under the Sybaga and Altyn Assyq credit programs.

The loan lending rate taking into account the subsidy for the final borrower is 4%, the financing period is 15 years. Thus, the farmer receives cheap loans, including for the purchase of the breeding stock of cattle and sheep through an extensive system of credit partnerships, microfinance organizations and regional investment centers, or directly through branches of the Fund for Financial Support of Agriculture JSC.

According to the new program for the development of livestock breeding, farms will be the basis of the production model. They will unite on the matters of sales, training and veterinary services. Provision of land and loans will be based on the selection of the best farmers.

An indispensable condition is the use of genetics of pedigree animals and breed improvement in livestock. Feed production, including on irrigated lands, will be concentrated on feeding grounds. In addition, when delivering products directly to the fattening site, the farmer will be provided with state subsidies at a rate of 200 tenge per 1 kilogram of live weight.

Borrowed funds will allow farmers not only to purchase the breeding stock of cattle and sheep, but also to buy necessary agricultural equipment and replenish working capital.

The new program provides for maximum loyalty to the borrower for collateral – in the case of a low cost of collateral, the borrower can apply the guarantee of KazAgroGarant JSC in the amount of 85 percent of the loan amount.

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