Affordable loans worth over UAH 26B provided to farmers this year – Leshchenko

Affordable loans worth over UAH 26B provided to farmers this year – Leshchenko

Ukrainian farmers have received more than UAH 26 billion under the program "Affordable Loans at 5-7-9%” since the start of 2021.

Minister of Agrarian Policy and Food of Ukraine Roman Leshchenko wrote about this in his blog, Ukrinform reports, referring to the ministry’s website.

"This year, under the program “Affordable Loans at 5-7-9%”, farmers received almost half of the total amount of the program - more than UAH 26 billion," Leshchenko wrote.

He noted that the Ministry of Agrarian Policy and Food called on the Ministry of Finance to extend the program for next year.

As reported, the Cabinet of Ministers approved a resolution to launch the program "Affordable Loans at 5-7-9%" from February 1, 2020.

On April 15, the Cabinet of Ministers increased the maximum amount of loan under the program from UAH 2 million to UAH 3 million, and expanded the list of investment purposes for which these loans could be granted.

According to data provided by the Ministry of Finance as of October 4, 2021, representatives of micro-, small- and medium-sized enterprises have received 24,594 loans for a total sum of UAH 64.8 billion since the program “Affordable Loans 5-7-9%” was launched.


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