Farmers in the Kyrgyz Republic can receive up to 5 million soms for farm development

Яна Орехова Economy
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Farmers in Kyrgyzstan can receive up to 5 million soms for farm development


In Kyrgyzstan, several government initiatives have been launched aimed at improving the state of agriculture and assisting farmers. One of the mechanisms for preferential financing for agricultural producers is the Open Joint Stock Company "Aiyl Bank," currently operating under the brand Abank.

Currently, the project "Agricultural Financing – 14" is actively functioning, with a total budget of 1 billion 224 million soms. Under this program, farmers can receive up to 1 million soms for the development of crop production and livestock, as well as up to 3 million soms for the implementation of technologies aimed at saving water resources.

Additionally, there is a program for "Financing the Agro-Industrial Complex," with a budget of 227.6 million soms. It provides financial assistance to farmers engaged in crop production and livestock farming, up to 5 million soms. For participants in aggregation activities, financing of up to 300 million soms is available.

Moreover, the country is implementing the project "Development of Breeding Livestock," aimed at significantly improving this sector. The total budget of the program is 616 million soms. Within this project, financial assistance is provided to breeding farms and farms, as well as importers, which can reach up to 20 million soms. For specialists in artificial insemination, financing of up to 2 million soms is available. Agricultural households and individual entrepreneurs can also receive up to 20 million soms for the purchase of breeding cows and heifers.

It should be noted that through "Aiyl Bank," farmers are provided with preferential loans, creating conditions for increasing production volumes, implementing modern technologies, and further developing the agricultural sector.

Overall, government projects are aimed at modernizing agriculture, increasing production volumes, and expanding the economic opportunities of farmers.
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