Источник: The DairyNews
We will remind, the new credit mechanism implies that farmers will get loans at a subsidized rate, a shortfall in income of the banks will be compensated from the budget. The current mechanism implies obtaining credits at the full rate and refunding of subsidies to agricultural producers after a while.
According to the draft document, which should enter into force on 1 January 2017, the preferential interest rate on short-term or investment loan must be no less than 1% and not more than 5% per annum.
Banks and state corporations to participate in the program of preferential crediting of agriculture will be selected by the Ministry of agriculture. Selection criteria for banks are, in particular, the availability of own funds (capital) of not less than 20 billion rubles, the presence of specialized credit products and programs for agricultural enterprises; for the state Corporation - the experience of implementation of at least 10 investment projects in the agricultural sector over the last five years in the amount of 2 billion rubles each. The borrower shall not, in particular, be in the process of reorganization, liquidation and mustn’t have any restrictions on the exercise of economic activity, it should not be opened to the proceedings on insolvency (bankruptcy), it also must not have overdue (outstanding) arrears on taxes and other mandatory payments to the budgets of the budgetary system of the Russian Federation and state extra-budgetary funds for more than 90 calendar days during the current tax period.
The rules imply that the preferential short-term loan is issued by a credit institution after 1 January 2017, at a reduced rate to a single borrower by the designated Bank for the term up to 1 year, inclusive, in the amount of 1 billion rubles for development of sub-sectors of crop and livestock farming, processing of crop and livestock products.
Preferential investment loan is granted after January 1, 2017, at a reduced rate for implementation of one investment project by the designated Bank for a period of from 2 to 15 years inclusive.
The draft document of the rules of lending is currently undergoing an independent anti-corruption examination until December 15. Comments may be submitted to: email@example.com
Read the document.
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