26.7 billion tenge allocated to subsidize agriculture in 2018

At the press conference in the press center of the Government, Chairman of the Board of JSC KazAgroGarant, Kairat Makayev, Chairman of the Board of JSC Fund for Financial Support of Agriculture, Zhandar Omarov, and First Deputy Chairman of the Board of JSC Agrarian Credit Corporation, Nurzhan Seisenbayev, spoke on the development of rural entrepreneurship within the framework of the President’s Five Social Initiative, informs primeminister.kz.

Егемен Қазақстан
04.04.2018 1520

The Head of State in the Five Social Initiatives set the task of expanding microcredit. In particular, it was entrusted to allocate an additional 20 billion tenge in 2018, bringing the total amount of microcredit to 62 billion tenge. As a result, the total coverage by micro credit will be more than 14 thousand people, which will double the level of 2017.

As the chairman of the Board of Fund for Financial Support for Agriculture JSC, Zhandar Omarov, said, the state provides preferential credits in the framework of the Program for Productive Employment and Mass Entrepreneurship for 2017-2025. This type of financing is an effective mechanism for the development of entrepreneurship in the countryside.

"If the fund previously planned to issue microcredits for 20 billion tenge this year, then taking into account the additional funds allocated, as well as taking into account the return of previously allocated funds, this amount is about 26.7 billion tenge," said Zhandar Omarov.

Basic principles and mechanisms, priority directions, categories of citizens are all reflected in the Program for the Development of Productive Employment and Mass Entrepreneurship, as well as in the Rules for its implementation.

Lending conditions: microcredits are granted for up to 5 years, for projects in the livestock sector — up to 7 years. The interest rate is up to 6% per annum. The size of the microcredit should not exceed 8 thousand MCI — this year it is about 19 million 240 thousand tenge. In accordance with the Loan Rules, no less than 20% of the amount of funds allocated should be allocated for financing start-up projects.

Zhandar Omarov noted that last year under the Program, 5694 projects were financed for the amount of 19.3 billion tenge. Including on launch projects, there were 3426 projects worth 11.5 billion tenge. That is, about 60% was allocated to start-up projects, thereby 20% threshold level was exceeded.

In the process of implementing the Program for Productive Employment and Mass Entrepreneurship, the Fund interacts with many regional organizations and local executive bodies, including the employment centers, which provide a referral to potential program participants, Atameken NCE, which conducts training, with district and regional akimats, departments of agriculture. Lending is carried out in accordance with the priorities of the regional map of specialization of regions and districts.

In the current year, under the Program, the Fund plans to allocate 26.7 billion tenge to finance projects.

First Deputy Chairman of the Board of Agrarian Credit Corporation JSC, Nurzhan Seisenbayev, in his turn, informed that within the Program the Corporation in 2017 issued more than 2 thousand loans for a total of over 12 billion tenge. In general, financing under the Program allowed to create more than 2340 new jobs.

"If at the beginning of the year Agrarian Credit Corporation planned to participate in the sum of up to 12 billion tenge, then thanks to the Five Social Initiatives of the President it is planned through credit partnerships, microcredit organizations to provide loans for the development of business in the amount of 20 billion tenge," said Nurzhan Seisenbayev.

LATEST

20.02.2019

French secretary of state to visit Uzbekistan in spring

20.02.2019

Astana's Lutsenko leads in Tour of Oman Stage 4

20.02.2019

Tariff differentiation: how to save on heat and electricity

19.02.2019

Bakytzhan Sagintayev: Implementation of Digital Kazakhstan State Program is under special control of the Head of State

19.02.2019

Kukushkin starts with a victory in the ATP tournament in Marseille

19.02.2019

Astana Pro Team is ready for the next challenge at the 2.HC stage race Vuelta

19.02.2019

Exhibition about nomadic culture to be presented in the Czech Republic

19.02.2019

​Kazakh publishers to participate in London Book Fair 2019

19.02.2019

Kazakh Ambassador takes part in Warwick Central Asia Forum

18.02.2019

Head of Kazakh Republican Space Communications Centre appointed

18.02.2019

Astana to enjoy Poetry in Music concert

18.02.2019

The first opponent of Daniyar Yeleussinov was defined in 2019

18.02.2019

Gorka Izagirre wins Tour de la Provence after a dramatic final at stage 4

18.02.2019

New US Ambassador to Kazakhstan: I am very happy to return to Kazakhstan again

18.02.2019

Kazakh Senate Speaker attends Munich Security Conference

18.02.2019

Miguel Angel Lopez wins Tour Colombia 2.1

16.02.2019

Bakytzhan Sagintayev meets with Chairman of the Board of Eurasian Development Bank Andrey Beliyaninov

15.02.2019

Constitutional Council announces decision on Presidential appeal

15.02.2019

Kazakh President meets with winners and prize-winners of international sports competitions

15.02.2019

Southern Gas Corridor can transport gas from Turkmenistan, Kazakhstan, says SOCAR

COLUMNISTS

Aliya Ashim, Journalist

Brazil’s version of Trump: why is it a «wake-up call» for the world?

<p style="text-align: justify;">A racist, a homophobe, a misogynist, a pro-torturer. Because of the profane outbursts and verbal abuse, he has earned such an image and was even considered as a political clown. Once he insulted lawmaker claiming that she was too ugly to be worth of raping. What is more, he said that he’d rather have a dead son than a gay one. Therefore, analysts concluded that Brazil has elected the most extremist president among democratic countries. So why did Brazil decide to make «really radical shift»? How did such an «extreme» and «unpleasant» figure become a president?<br /> </p>

Jylkybay Jagyparuly,

Mechanical engineering is a potential pillar of the economy

In industrialized countries, one of the most important indicators of the economy is the level of development of the machine-building industry. Independent Kazakhstan, striving to achieve ambitious goals, is making great efforts to develop machine building in the process of diversifying its economy.

Alisultan Kulanbay,

June 4 - Day of State Symbols of Kazakhstan

State symbols - the State Flag, State Anthem and State Emblem demonstrate to the world the independence of the Republic of Kazakhstan, also continuity between the past, the present and the future of the state.

Ainash ESALI,

Is it all good that they advertise?

Advertising is the driving force of production and business. This is an indisputable fact.

Nazira RAKHMANKYZY, Film critic

Splash of commercial films in Kazakhstan

Last year, the number of feature films which filmed reached thirty-six in Kazakhstan. We should say that it is an unprecedented figure in the history of Kazakh cinema in the last quarter century.

Comments(0)

ADD A COMMENT