Published
01/24/2025, 12:42From 1 January 2025, the project ‘Financing of Integrated Commodity Producers’ (FOTP) was launched, the purpose of which is to stimulate the consolidation of small commodity production and provide state support to integrated commodity producers through preferential lending.
The project is designed for 5 years and is financed from the republican budget and with the participation of Aiyl Bank and Eldik Bank OJSC. Under the programme, commodity producers engaged in livestock and crop production will be able to obtain loans of up to 25 million KGS at 6% for 60 months. Processing enterprises that have established cluster associations with commodity producers can count on financing up to KGS 150 million on similar terms.
Economic entities that introduce highly efficient and resource-saving technologies, such as drip irrigation, sprinkling, greenhouse farming, leasing of agricultural machinery or creation of machine and tractor stations (MTS), will be able to obtain loans of up to 50 million KGS on a collateral basis at a rate of 6% for 60 months.
Recall, the head of the department Bakyt Torobaev spoke about this project in 2024. According to him, from 2025 the state budget will emphasise strengthening of production. Earlier there was a project ‘Financing of agriculture’.
