As Oleksii Pavlenko,
the Minister of Agrarian Policy and Food of Ukraine, informed, the Cabinet of
Ministers of Ukraine had agreed to allocate UAH 300 million of budget funds for
financial support of the activities in the agricultural sector through the
cheapening of credits. The funds will be used for
reducing the loan interest rates for small and medium agricultural enterprises.
The Minister stressed that this will allow the agricultural
producers, as it was in the previous year, to attract UAH 7.8 billion in credits
in the framework of a state program on refund of loan interests.
According to the Minister, this compensation will affect the
interest rates on loans, attracted for covering such costs as procurement of
combustible and lubrication materials, seeds and fertilizers, plant protection
products, feed, veterinary preparations, young stock of animals and poultry,
equipment for livestock farms and complexes etc.
“The allocation of loan funds will create favorable conditions for attraction of bank credits and
will enable the agricultural entities to receive the governmental support on
loans, thus improving the financial condition of farmers”, Oleksii
Pavlenko stressed and added that the issue of
distribution of funds was fully decentralized and the decision had been made on
the regional level.