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R. Kurmanov: State will support agricultural producers

Tuesday, 25 July 2017, 08:18:00

The Vice Minister of Agriculture Rustem Kurmanov at a press conference on the results of the meeting of the Government reported on measures of state support of enterprises for agricultural products processing.

According to the Vice Minister, a social working group of scientists, businessmen and akimat workers was established, which systematized all issues related to the Processing map, calculated the number of active enterprises, as well as those enterprises that need modernization. Therefore, more than 80 enterprises require modernization: somewhere it is necessary to replace technological lines, somewhere - equipment.

"Some enterprises still use equipment of the 60s, which requires replacement, since consumer preferences for food products should be carried out on modern technological equipment," Kurmanov said.

Modernization of processing enterprises will be carried out at the expense of bank resources, which are planned to be involved in financing of the Processing Roadmap projects through subsidizing interest rates on working capital and fixed assets.In total, it is planned to channel loan funds in the amount of 226.9 billion tenge for modernization until 2021. To this end, 24 billion tenge will be allocated from the state budget to subsidize the rate of remuneration. Thus, the subsidy for working capital rates will be 4%.

"For example, a processing enterprise takes a credit of 100 million tenge to replenish working capital.Now the market rate is 14%. In other words, the enterprise should pay loan fees in the amount of 14 million tenge in addition to 100 million tenge. Under the new scheme, the state will reduce the price by 4%. That is, of this 14 million tenge, 4 million will be paid by the state and 10 million by the entrepreneur. For processing enterprises this amount is in principle liftable," the Vice Minister of the Ministry of Agriculture of Kazakhstan said.

The rate for fixed assets is higher than for circulating assets and is 16%. In this regard, the state will subsidize 10% of the total loan amount.

In addition to subsidizing the rate of working capital and fixed assets, about 50 billion investment subsidies are also to be allocated from the state budget.The state will reduce the interest rate by 25%.

Recall, today at a meeting of the Government, the draft Agroprocessing map, developed according to 9 priority types of processing, was considered. Including for each region, in the context of districts.

The Map is based on three consecutive principles. These are the loading of existing capacities of 435 enterprises by providing access to loans for the replenishment of current assets, as well as organizing the collection of raw materials through cooperatives; Modernization of 80 operating enterprises, to increase competitiveness, and for the effective use of existing production facilities; Construction of 79 processing enterprises, mainly small ones, in those regions where raw material is accessible and operating processing enterprises are located at a considerable distance.


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