On spring and field works of this year at the expense of all sources National management holding Kazagro is planned to direct to 61,6 billion tenge from which 40 billion tenge is the budgetary credit. In the current year funds for a sowing campaign will be given by holding subsidiaries on similar credit products of last year.
Besides for the first time at the expense of the budgetary credit of “Kazagro” begins financing of spring and field works through banks of the second level. The new source of credit resources is started according to the Agrobusiness 2020 program for expansion of availability of financing for villagers.
As a whole, the funds allocated by National holding for a sowing campaign, will allow to hold demanded agrotechnical events on the area of 6,1 million hectares.
At present active financing of a sowing campaign in the south of the republic and to the main the grain sowing regions of the North of the country goes the companies of Kazagro National holding. For example, in Agrarian credit corporation over 300 demands for 6,5 billion tenge arrived. From them 75 demands for the sum of 1,7 billion tenges are lent for today. In total in the current year within corporation programs to agrosector of the republic it is planned to send to 13 billion tenge.
The agrarian credit corporation the credits for carrying out spring and field and harvest works provides on a rate 5% per annum, for up to 01.12.2014г. under guarantees of banks of the second level, and also through system of credit associations on a remuneration rate to 9% per annum on the security of personal/real estate.
The food contract corporation carries out financing of grain producers for spring and field works for total amount of 17,6 billion tenge, including – 3,6 billion tenge on purchase in state resources during the spring and summer period.
On forward purchase it is supposed to allocate 14 billion tenge of funds of the budgetary credit at the rate of 6 thousand tenges for 1 hectare of a cultivated area and with a condition of payment of the commission at the end of financing term of 5% per annum from the financing sum. According to decision of Food contract corporation, financing will be carried out according to the approved limits on areas. Purchase is made under guarantees of banks of the second level or social and enterprise corporations.
Statement. Limits on forward purchase:
Akmolinsky area – 4,28 billion tenge; Aktyubinsk – 490 million tenges; VKO – 490 million tenges; Karaganda – 670 million tenges; Kostanayskaya – 4,24 billion tenge; Pavlodar – 500 million tenges; SKO – 3,33 billion tenge.
The fund of financial support of agriculture at the expense of own means carries out financing of landowners according to the Eginzhay program. Besides the company within the program of crediting of the microcredit organizations (MKO) for the subsequent crediting cotton producers is conducted by financing at the expense of means of the budgetary credit of 2,1 billion tenge. By data for April 1 the Fund from own means gave out 446,4 million tenges according to 114 demands. Now 173 more demands for 655,6 million tenges are approved. 62 demands are under consideration.
Conditions on programs е “Eginzhay”: the maximum sum of a loan – 6 million tenges, a rate of remuneration of 9,5% per annum, crediting term on forage crops no more than 36 months, and on other cultures no more than 18 months.
Conditions through MKO: the maximum sum of a loan for MKO – 1 billion tenge, on the final borrower – 8000 MRP. Annual rate of remuneration – 4%, an effective rate of remuneration – 4,4% per annum for MKO, and 8% for the final borrower.
“Kazagrofinance” in 2014 will direct on acquisition by villagers of equipment to 6,9 billion tenge. Today in the company arrived demands for the sum more than 12,7 billion tenge. As a whole, within carrying out spring and field works of this year “Kazagrofinance” assumes to get more than 1000
units of various agricultural machinery and the hinged soil-cultivating equipment to it. In addition, the Kazagro subsidiary within the investment program carries out financing of production of forages. According to this direction 754,7 million tenges are already invested in agrosector of Kazakhstan.
JSC National Management Holding Kazagro realizes a state policy on development of agro-industrial complex of Kazakhstan by ensuring effective management with investment assets of the companies entering into its structure.
JSC Kazagrogarant, JSC Kazagromarketing, JSC Food Contract Corporation, JSC Kazagroproduct, JSC Kazagrofinance, JSC Agrarian Credit Corporation, JSC Fund of Financial Support of Agriculture are the parts of holding.