AreaKazakhstan

Commodity GroupGrains

CommodityAll

Date01/03/2015

Policy CategoryProduction

Policy InstrumentProduction support

Description Allocated Tenge 20 billion (USD 108 million) to support agrarian industry with anti-crisis measures. According to the Ministry of Agriculture, the principle of financial recovery is applied to agricultural producers who cannot repay loans taken from second tier banks and other financial institutions.

Notes To support such producers, the holding "KazAgro" sets an interest rate of not more than 3 percent per annum in tenge. Seven percent of the allocated funds will be reimbursed by the State in the form of subsidies.