Vologda agricultural producers will be able to take advantage of the new soft lending program for the purchase of priority products for imports

The preferential lending mechanism is aimed at attracting credit funds in rubles for the purchase of materials, components, components, raw materials and equipment for production needs by importers. The priority list also includes: poultry, bird eggs, cattle, potatoes, wheat, barley, oats, SUGAR, animal feed, machinery, equipment, etc., including transportation of purchased products.
The loan term is set up to 12 months for short-term purposes. If a loan is needed for investment purposes or financing of an import contract, under which the manufacture and supply of equipment or means of production exceeds 12 months, then the period can be set up to 36 months.
At the same time, the preferential rate for the borrower will be 30% of the key rate of the Bank of RUSSIA, increased by no more than three percentage points. For example, as of May 30, the key rate is 11% per annum, respectively, the cost of credit funds will not exceed 6.3% per annum.
“The planned volume of state support in the Russian Federation in 2022 is 37.1 billion rubles, which will provide preferential financing for import supplies in the amount of 800 billion rubles,” summed up Sergey Poromonov, HEAD of the Department of Agriculture and Food Resources.