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Agriculture Ministry simplifies the system to receive subsidies on loans

21.05.2015

The new procedure for obtaining grant loans of agribusiness involves the use of a tool advancing and transfer funds directly to credit organizations.

"The agricultural sector employs a huge number of small and medium-sized enterprises and the issue of this area subsidizing is very serious. Subsidies are a good support from the state for agricultural aimed for the development of this sector of the economy but it is important to have enough of these subsidies to all and in full range. The system of subsidies "advancing" for interest on loans, of course, have a positive impact on lending to agribusiness in general. In addition, the new system provides for the transfer of funds directly to credit institutions and to avoid inefficient use of budget funds to accelerate the process of obtaining government support and will allow proponents of projects to allocate funds more effectively. There is a challenge today for agribusiness in import substitution and development of its own production, it is obvious that government support is absolutely necessary, " -Victor Marchenko, the Chairman of the Board of Directors of the Group of companies "Zelonye Listya", the chairman of the Commission to economic growth promotion of the Public Chamber of the Primorskiy region, member of the Presidium of LLC SMSB “OPORA ROSSII" said.
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© Viktor Marchenko, 2014
Zelyonye Listya Group of companies