Kazakhstan has started financing spring field and harvesting operations in 2025

Kazakhstan has started financing spring field and harvesting operations in 2025

29.11.2024 22:14:49 1568

The Head of State noted at a recent agroforum that the agro-industrial complex is one of the main forces of economic growth.
The Government is taking a set of measures in order to achieve the objectives of the development of the agro-industrial complex. Taking into account the wishes voiced by farmers, on behalf of the Prime Minister, early financing of spring field and harvesting operations in 2025 has been launched in Kazakhstan from today, November 29 this year.
As part of the execution of the President's order, up to 700 billion tenge will be allocated for spring field and harvesting operations in 2025, of which about 560 billion tenge will be attracted from market sources of capital.
Starting today, JSC Agrarian Credit Corporation has opened financing under the Ken Dala 2 program with a preferential interest rate of 5% per annum. A common pool of applications from 684 agricultural producers has been formed in the amount of about 82 billion tenge, of which 176 applications have already been accepted. Documents are being collected for another 508 applications for 59.9 billion tenge.
It is important to note that for the first time financing began long before the spring field and harvesting operations, which will allow farmers to purchase seeds, fertilizers in advance, prepare equipment and carry out all necessary activities efficiently. Thanks to the measures taken by the Government, farmers will promptly receive financial support under the most convenient conditions for them. In addition, the number of financial institutions has been increased, which you can apply to both for loans and for their subsequent repayment. Financing will be available through second-tier banks, credit partnerships, social and entrepreneurial corporations and the Agricultural Credit Corporation. Also, to address the issues raised by entrepreneurs about the lack of collateral, 85% of the loan amount under the Ken Dala 2 program is guaranteed by the Damu Entrepreneurship Development Fund.
To receive consultations and submit applications, you must contact the nearest regional branches of JSC Agrarian Credit Corporation.
Additional information is available on the Agrocredit website.kz and by Call center numbers: 5353 for Kcell, Activ, Beeline subscribers and 8 701 006 19 91 for Tele2 and Altel.

Source : https://www.gov.kz/memleket/entities/moa/press/news/details/893283