Vologda Oblast increased the amount of subsidies for preferential short-term lending

On the eve of the spring field season, the region's agro-industrial complex enterprises actively used the federal support measure - concessional lending. This year, the Vologda Oblast was initially allocated 79.3 million rubles by the Russian Ministry of Agriculture. Due to the demand for a preferential financial product among the farmers of the region, almost the entire amount of subsidies was distributed in the 1st quarter.
The Department of Agriculture and Food Resources worked with the Ministry of Agriculture of RUSSIA to increase the limits this year. And as a result, the volume of subsidies for preferential short-term lending for the Vologda Oblast has been increased by 19 million rubles. The total amount of limits for the current year is now 95.7 million rubles, which will allow attracting more than 2 billion rubles of preferential short-term loans.
As of May 22, the Ministry of Agriculture of Russia has already approved the provision of preferential short-term loans to 31 enterprises for a total loan amount of more than 1.6 billion rubles. Of these, more than 1.1 billion rubles of credit funds have already been received by enterprises for the purchase of raw materials, the purchase of fuels and lubricants, fertilizers, planting material, spare parts for the repair of equipment, feed, medicines, and the payment of insurance premiums for farm animals for up to 1 year.
In addition, the limit of subsidies for investment lending has also been increased , it is provided for the whole of Russia and amounts to 5.5 billion rubles for the current year.
Loans to 17 enterprises of the region for the total amount of 290 million rubles (the amount of subsidies is 10.6 million rubles) were approved for the purchase of machinery and equipment modernization, the loans were almost completely repaid. Also, the Ministry of Agriculture of Russia is considering applications for 7 enterprises for the purchase of equipment and construction for a total amount of almost 1 billion rubles, the amount of subsidies is 21.8 million rubles.
“Under this program, enterprises can take a short-term loanfor the development of crop and livestock production, for the processing of products, as well as investment - for the construction, reconstruction or modernization of enterprises, the purchase of machinery and equipment. A preferential investment loan is issued mainly for the purchase of domestic equipment, imported equipment can be purchased if there are no analogues of domestic production, - explained the HEAD of the Department of Agriculture and Food Resources of the region Sergey Poromonov. - This credit instrument allows to ensure the stable operation of agricultural enterprises and, as President Vladimir Putin emphasized , to reduce the import component in the production of domestic agricultural products.
Recall that the program of concessional lending was launched in 2017. Businesses can take a loan at a rate of 1% to 5%. Preferential short-term credit is issued for up to 1 year, investment - for a period of 2 to 15 years. The difference between the preferential rate and market banks is compensated by the state. Thanks to soft loans, a number of large investment projects in the region have been implemented for the construction and modernization of greenhouse complexes, dairy processing and aquaculture enterprises.