Preferential Lending Program for Farmers

Country

Russia

State / City

National

Posted date

2024-02-12
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The Russian government will allocate 20 billion rubles to support the preferential lending program for agricultural producers. The funds, which will come from the federal budget, will be used to subsidize preferential loans provided to agricultural enterprises for the production and processing of agricultural products. This financing will help agricultural producers attract more than 804 billion rubles in credit funds on preferential terms for seasonal field work and the implementation of investment projects. The preferential lending program for farmers was launched in 2017 and allows agricultural producers to take out a short-term (up to 2 years) or investment (up to 15 years) loan at a preferential rate.

Instrument

Allocation of Funds
Loan & Loan Guarantees

Purpose

Production incentives
Sectoral development

Agency

Russian Government; Prime Minister Mikhail Mishustin

Sector

Food Products

Data+Law uuid

RUS_03746_Program

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