CHANGE ON IMPLEMENTATION OF AGRICULTURAL FINANCING PROGRAM IS SUPPOSED

Inside the Government of the Kyrgyz Republic.

The Prime Minister of the Kyrgyz Republic, Mukhammedkalyi Abylgaziev, at the meeting on September 11, stated that the mechanism for implementing the Agricultural Financing Program should be amended to prevent cases of fund misuse. Thus, according to the head of the state, a new project has been developed which involves the introduction of two categories.

The first category is “Agricultural Financing – Farmer”, which is to be socio-oriented and intended for small businesses to receive unsecured group loans. The second category is “Agricultural Financing – Cluster”. This category will be aimed at developing the cluster potential of the region with the opportunity of receiving up to 10 million KGS. Simultaneously, the very model of financing a new project will alter.

Source: www.gov.kg