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The Kazagro national holding will finance banks for support of the Sowing campaign

The Kazagro national holding will finance banks for support of the Sowing campaign                                                                                     22.04.2014 Within the resolution of the government of the Republic of Kazakhstan "About definition of granting the budgetary credit of JSC National Operating Holding Kazagro, the decision of the State commission on modernization of economy of the Republic of Kazakhstan, the industry Agrobusiness-2020 program for expansion of availability of financing of subjects of agrarian and industrial complex, JSC Kazagro Holding financed 7 banks of the second level, according to the submitted applications for the subsequent financing of subjects of agrarian and industrial complex by them on carrying out spring and field works of 2014. On these purposes Holding it is provided by 20 billion tenge. In view of limitation of budgetary funds, for fairness, funding of BVU will be carried out in proportion to the given sums of demands and the sum of budgetary credit. As a whole, on spring and field works of this year at the expense of all sources Kazagro National holding it is planned to direct to 61,6 billion tenge from which 40 billion tenge is the budgetary credit. According to the experts, the funds allocated by holding for a sowing campaign, will allow to hold demanded agrotechnical events on the area of 6,1 million hectares. For today within financing by sowing group of companies of Kazagro National holding it is approved demands of farms and agroformations for the sum of 34,6 billion tenges from which it is financed demands for 12,6 billion tenge. Reference: JSC National Management Holding Kazagro realizes a state policy on development of agro-industrial complex of Kazakhstan by ensuring effective management with investment assets of the companies entering into its structure. JSC Kazagrogarant, JSC Kazagromarketing, JSC Food Contract Corporation, JSC Kazagroproduct, JSC Kazagrofinance, JSC Agrarian Credit Corporation, JSC Fund of Financial Support of Agriculture are the parts of holding.

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