The agricultural producers will delay payments on subsidized loans for the year. Draft decision on the allocation of grants to banks on compensation of the shortfall of their incomes on the loans granted at a concessional rate, prepared by the government, said Deputy government Victoria Abramchenko.
According to her, it is as short-term and investment loans. In the first case, small businesses will be entitled to postpone for a year the interest payments on previously issued loans and extend the loan, if it ends in 2020. Issued investment loans will not pay during the year as interest and principal debt.
"On behalf of the President of the country we will provide targeted assistance to agricultural producers, significantly easing their credit burden. Sure that the proposed measures will allow companies and farmers to continue the reliable supply of the domestic market, but also to think about the prospect of further growth of exports", - says Victoria Abramchenko.
She also explained that such support measures were adopted due to the negative impact of the pandemic in the fashion industry: the production costs of farmers have increased, and consumer demand for some goods decreases. According to Vice-Premier, the extension of credit will help to maintain profitability.
For this purpose the government will allocate from the Federal budget of 4 billion in 2020 and 6 billion in 2021. At the end of last year the total volume of state support of small businesses amounted to approximately 90 billion rubles.
Deferment on subsidized loans - one of the measures of state support of agricultural enterprises, which was discussed at the meeting with the President of Russia Vladimir Putin on may 20. Following the meeting, several decisions were made to support the industry: capitalization in 2020, "Rosagroleasing" additional 6 billion rubles, providing additional preferences to exporters for transportation, expansion of access of small businesses to markets, and others.
Translated by service "Yandex.Translation"