580 billion tenge will be
allocated for preferential financing of spring field works in Kazakhstan, which
is three times more than in previous years. The fund allocation to agricultural
producers was discussed at a government meeting. Thus, 40 billion tenge has
been allocated for the Food Contract Corporation’s forward purchases, 140
billion through the Ken Dala-1 program, with the majority already disbursed to
farmers. Applications for 22.5 billion tenge have been submitted for the Ken
Dala-2 program. 100 billion tenge will soon be allocated from the government’s
reserve and local budgets. These funds will be used for subsidizing interest
rates on loans, allowing agricultural producers to attract an additional 400
billion tenge at five percent annual interest. The issue of timely financing of
the agricultural sector is currently under special control of the government,
which emphasized the importance of conducting the spring sowing campaign, constituting
the basis of the country’s food security.
Editor: Aizhan
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