Today, a press conference was held at the Central Communications Service with the participation of the Minister of Agriculture of the Republic of Kazakhstan Aidarbek Saparov. Chairman of the Board Almat Ashirbekov and Deputy Chairman of the Board Marlen Nabiev participated from the Agrarian Credit Corporation. The minister said that the head of state had set the task of doubling the gross agricultural output and reported on the measures taken towards its implementation.

1.5 trillion tenge annually should be directed to meet the full need for preferential lending for spring field and harvesting work, the minister said, noting that the Ministry of Agriculture sent the operator of the Ken Dala program - the Agricultural Credit Corporation - 50 billion tenge as part of a budget loan. The total amount of financing for this program is provided at 140 billion tenge.

“According to the Address of the Head of State, it is necessary to increase the level of renewal of the machine and tractor fleet to 10 percent. To this end, the Government is implementing programs to subsidize investment costs. Interest rates on loans/leasing will also continue to be reduced,” added Aidarbek Saparov.

Photo courtesy of SCS