As of Jan. 1, 2017 the State Farmers support fund of Ukraine provided farmers with 14.8 million UAH financial assistance, which is 93.5% of the planned amount. Totally, 15, 8 million UAH from the State Budget were provided for the program “On granting loans to farmers” in 2016.
Newly created farms had an opportunity to get loans for a period of three to five years for production, processing and marketing. Other farms could apply for loans up to 5 years for purchase of machinery and equipment, and for other purposes related to development of their business. Assistance was provided in amount not exceeding 500 thousand UAH.
136 farms applied for loans in 2016. According to the results of competition, register of applicants for financial assistance in amount of 15.3 million UAH was formed. A total of 66 farms could receive support.
Today, state assistance is provided according to budgetary programs within expenditures established by the Ministry of Agrarian Policy and Food of Ukraine for certain year.
It should be recalled that the main task of the State Farmers support fund of Ukraine is to realize the state policy on formation and development of farms.
Source: Ministry of Agrarian Policy