Financing for 2025 spring field and harvesting works begins

Financing for 2025 spring field and harvesting works begins

Kazakhstan has commenced financing for the 2025 spring field and harvesting works, with a total allocation of 700 billion tenge. Most of these funds, about 560 billion tenge, will be raised from market sources. Additionally, the country has launched financing under the Ken Dala 2 program, offering a preferential annual interest rate of five percent. A general pool of applications from 684 agricultural producers, totaling 82 billion tenge, has been formed, with 176 applications already under processing. Financing is available through second-tier banks, credit unions, socio-entrepreneurial corporations, and the Agrarian Credit Corporation. For the first time, according to the government, financing has begun well in advance of the spring field and harvesting works, enabling farmers to purchase seeds and fertilizers, prepare equipment, and efficiently complete all necessary preparations.