RUSSIAN GOVERNMENT TO ALLOCATE ANOTHER 5 BILLION RUBLES FOR REDUCED-RATE LENDING FOR AGRARIANS

The executive order was signed by the Prime Minister of the Russian Federation Mikhail Mishustin. Federal budget resources will be allocated to subsidize new preferential investment loans provided to agricultural enterprises for the production and processing of agricultural produce.

Reduced-rate lending program for agrarians was started in 2017. The program offers short term (up to 2 years) or investment (up to 15 years) reduced rate loans. In February 2024, 20 billion rubles were allocated from the federal budget to subsidize this program. 18 billion rubles of them were used for supporting short-term credits, and 2 billion rubles for supporting investment credits.

Source: http://government.ru/news/51278/