Rules for subsidizing the rates of return on loans to agricultural business entities, as well as leasing for the purchase of farm animals, machinery and technological equipment

General description Getting subsidies at the rate of return on the loans of entities of the Agroindustrial Complex (hereinafter – the “AIC”)
Borrower Individual or legal entity, individual entrepreneur (including peasant (farm) enterprise), who has concluded a loan agreement with  financial institution;
Purpose of financing

Investments:

- acquisition of agricultural equipment, including attachable and towing equipment,

- farm livestock acquisition,

- fixed asset acquisition,

- construction

(exception includes: acquisition of fixed assets for flour production, mineral water and non-alcoholic beverages)

working capital financing
Amount of subsidies

In accordance with the loan agreements for the acquisition of agricultural equipment, including attachable and towing equipment, as well as for the acquisition of farm livestock, fixed assets and the construction, the rates of return shall be reduced under the following standards:

- by 10 % (ten) per annum in tenge;

- by 8 % (eight) per annum in the Russian rubles;

- by 2 % (two) per annum in other currency.

It is not allowed to reduce the rate of return less than 4% (four) per annum in tenge, less than 3% (three) per annum in Russian rubles, less than 2% (two) per annum in other currency.

In accordance with the agreements for working capital financing, the rates of return shall be reduced under the following standards:

- by 5 % (five) per annum in tenge;

- by 4 % (four) per annum in the Russian rubles;

- by 1 % (one) per annum in other currency.

It is not allowed to reduce the rate of return less than 7 % (seven) per annum in tenge, less than 6 % (six) per annum in the Russian rubles, less than 4 % (four) per annum in other currency.
Subsidy term

The rate of return on loan agreements shall be subsidized for the duration of agreements.

*Herewith, the subsidy accrual under the previously concluded agreements shall start from the date of decision making by the Working body on proposal. 
For details on the Rules and work refer the portal www.qoldau.kz
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