Farmers of East Kazakhstan, West Kazakhstan and Pavlodar regions, engaged in crop production, can get loans in social-entrepreneurial corporations of the regions for autumn harvesting work under the program “Ken dala 2”, reports the press service of the Agrarian Credit Corporation.

 Recall that in the spring of this year was launched a new ACC program for spring field and harvesting work “Ken dala 2”. The new program provides a preferential interest rate for borrowers at 5% per annum.

“Previously, in order to reduce the interest rate and receive subsidies, farmers had to apply to local agricultural departments, sign new obligations, wait for the allocation of funds, which greatly affected their financial well-being. Now there is no need for this. Within the framework of this product, the Corporation has initiated changes in the relevant state Rules of subsidizing, thanks to which the most favorable and convenient conditions have been created for agrarians,” the company said.

“These financial resources are attracted from the private capital market, a favorable interest rate of 5% per annum is provided for borrowers. At the same time, for farmers who do not have sufficient collateral, this year for the first time are provided guarantees of the Fund “Damu” in the amount of 85% of the loan amount” - noted the experts of ACC.

In addition, it should be noted that more than 320 billion tenge was allocated to finance spring field and harvesting works under the programs “Kin dala” and “Kin dala 2” this year.

To get advice and apply for the “Ken Dala 2” program, you should contact SPKs in East Kazakhstan, West Kazakhstan and Pavlodar regions. The terms of the program are available on the website Agrocredit.kz.

Translated with DeepL.com (free version)