Concessional loans for KGS 2.2B granted to Kyrgyz farmers since beginning of year

Bishkek, April 18, 2022. / Kabar /. KGS 2.2 billion were granted under the Agriculture Financing-10 project since the beginning of the year, Deputy Minister of Agriculture of Kyrgyzstan Nurdin Alisherov said at a meeting of the Committee on Budget, Economic and Fiscal Policy of the Jogorku Kenesh on Monday.

He added that concessional loans are given to Kyrgyz farmers at 6% per annum.

According to the Kyrgyz Ministry of Agriculture:

1. A total of 1 thousand 716 loans in the amount of KGS 714 million 307 thousand were issued in the category of Crop Production;

2. In the Cattle Breeding category, 2 thousand 843 credits amounting KGS 1 billion 460 million 349 thousand were issued;

3. In the Agro-processing category, a total of 52 loans were issued for a total amount of KGS 115 million 160 thousand.

A total of 4,611 loans in three categories were issued in the amount of KGS 2 billion 289 mln 816 thousand.