Additional state support to allow farmers to implement investment projects worth 320 bln rubles - AgMin
MOSCOW. August 30 (Interfax) - An additional 4 billion rubles in state support issued by the Russian government for soft loans toward agriculture will allow farmers to implement investment projects worth 320 billion rubles, the Agriculture Ministry reported following a meeting of a commission on agricultural soft lending held by Deputy Agriculture Minister Dzhambulat Khatuov.
The agriculture sector received an additional 4 billion rubles of support toward soft loans in July, which means the overall amount of state support has reached 25 billion rubles.
"The Agriculture Ministry selected 1,654 applications to receive soft investment loans on the second tranche of state support allowing farmers to implement investment projects worth over 320 billion rubles," Khatuov was quoted as saying in a statement.
As of August 29, the overall amount of subsidies on the selected applications totals 3.5 billion rubles, or 85% of the additionally issued funds.
