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14:53

Ministry of Agriculture proposed to provide crediting instead of 15 types of agricultural subsidies

14.11.2017 Astana. November 14. KazTAG - The Ministry of Agriculture proposed to provide crediting instead of 15 types of agricultural subsidies.
"Within the frameworks of the second stage of improvement of state support of agriculture and transfer from subsidies to affordable crediting, 15 types of subsidies have been defined which will be replaced by crediting. 24 bn tenge will be annually released in this case," said Kairat Aituganov, Vice Minister of Agriculture.
He said the initiative is being considered in the Ministry of Agriculture, Atameken business chamber and in the regions.
Meanwhile, Ivan Suer, head of peasant farm Rodina, cautioned about rash acts in extension of crediting program.
"We have good institutions, such as KazAgro, Agrarian crediting corporations and others, they hold 20% of problematic credits. We are often reprimanded that half of the money allocated for agriculture are wasted, but it is not true, half of the money go for rehabilitation. In fact, those need rehabilitation who had access to cheap credits," he said.



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