In the Vologda Oblast, federal subsidies on preferential loans for the agro-industrial complex increased by 11.5 times

“This year, the starting amount [of subsidies for preferential lending] allocated by the federal center amounted to 79.3 million rubles against 7 million in the 2022 season, which is almost 11.5 times more. One of the reasons is the demand for a preferential financial product among local farms. For the first quarter of this year, the Ministry of Agriculture of RUSSIA approved the provision of preferential loans to 31 enterprises of the Vologda region for a total loan amount of more than 1.6 billion rubles.

Loans for 231 million rubles were approved for the purchase of machinery and modernization of equipment, the amount of subsidies for reimbursement of part of the interest rate will be 8.7 million rubles. For the purchase of raw materials, the purchase of fuel, fertilizers, planting material, spare parts for the repair of equipment, feed, medicines, the payment of insurance premiums for farm animals, loans were approved for 1.4 billion rubles, the amount of subsidies - 70.6 million rubles. Of these, more than 1 billion rubles of credit funds have already been received by the enterprises.