The Ministry of Agriculture has introduced a mechanism for directly subsidizing remuneration rates for financial institutions for lending to farmers at a remuneration rate of 5% per annum. In the future, this mechanism will work through other banks, World of NAN reports, citing the department.
The loan will be made cheaper by making an advance payment on the total volume of lending to the financial institution. Today, this mechanism is available to development institutions in the agricultural sector - Agrarian Credit Corporation JSC, KazAgroFinance JSC, Development Bank JSC.
From 2026 it will be extended to all financial institutions in the country. This mechanism will simplify the process of subsidizing and producers will immediately receive cheaper loans.
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