Sberbank will provide Russian farmers with soft loans at the rate of 5%

25.01.2017

An agreement was signed between the credit institution and the Ministry of agriculture.

We are talking about short-term loans (not more than one year) to billion and investment loans (for a period of from 2 to 15 years) to a maximum value of 8 billion rubles. Thus, in accordance with the signed agreement, at least 20% of the total number of soft loans should be granted to small farms.

Recall that since the beginning of this year, banks that lend to farmers at a rate not exceeding 5% per annum, are eligible to receive subsidies for compensation of lost income in the amount of 100% of the key rate of the Central Bank of the Russian Federation.


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