1109
Currently, the Ukrainian agricultural sector needs almost the most help. Working in extremely difficult conditions, often dangerous to health and life, agricultural producers continue to sow fields, harvest crops and produce agricultural products.
The state is doing everything possible to reduce the credit burden on agricultural enterprises, so that the business remains afloat and can continue to work efficiently. That is why the Government has developed agricultural lending program with preferential rates. Specialists of PrivatBank, which is a participant in the state compensation program for agricultural loans, told us more about credit solutions for farmers.
Money for financing the needs of the agricultural cycle
A considerable amount of money is needed to cover current expenses during the agricultural season of the business. It is about the purchase of raw materials - seeds and planting material, as well as means of plant protection and soil fertilization.
The costs of all this can be covered by using the revolving credit line "Agrosezon" from PrivatBank. The bank opens a credit line for farmers in the amount of UAH 1 to 50 million, the funds from which can be used to finance the needs of the current agricultural cycle.
In addition to the costs described above, these funds can be used to purchase spare parts and repair machinery, equipment, and transport, as well as purchase building materials and repair production facilities. At the same time, misuse of funds is prohibited - it is not possible to pay wages and repay previously taken loans and interest on them.
Credit for agriculture for machinery
The question of renewing the technical park of farmers who lost their own equipment in connection with military operations is a pressing issue. To continue working, they need new tractors, combines, plows, harrows and other agricultural machinery. Money for the purchase of fixed assets can be obtained within the framework of the loan of the same name from PrivatBank.
The financial institution pays up to 80% of the cost of commercial transport, special equipment, agricultural machinery. That is, you can buy a cultivator on credit or other accessories for tilling the soil, spraying plants, harvesting, etc., with a value of UAH 100 or more. The repayment term of the investment loan is up to 000 years.
State compensation program
If the borrower (entrepreneur or enterprise) is a participant in the state compensation program "5-7-9% Available Loans", he receives a reduced interest rate on loans, which is 7 or 9% per annum, depending on the size of the enterprise. Provided that new jobs are created, the loan rate will be reduced by another 2% to 5 and 7%, respectively.
Considering the devoted work of farmers, it can be confidently stated that the agricultural sector has the potential for development even in difficult economic conditions. It is important that state institutions and financial institutions actively help agricultural producers, providing financial support and favorable conditions for the development of farming in Ukraine.
