Agriproducers in Ukraine provided with zero rate loans up to UAH 60 mln in state of war

Under the 5-7-9% program, Ukrainian agricultural producers will be offered loans of up to UAH 60 mln at a 0% interest rate for the period of martial law.

The 5-7-9% Affordable Loans program is being extended in line with the government’s decision, the Agrarian Ministry adds. Following the lifting of martial law, the interest rate will be 5%.

The loan is granted solely for the purchase of fixed assets and to cover costs associated with agricultural activities as defined by the Law of Ukraine “On State Support of Agriculture of Ukraine”.

The term of the loan under the 5-7-9% program will be subject to the intended use of the funds. For an investment project and debt refinancing, the loan is available for a maximum of 5 years. For working capital financing, the term is 3 years.

“The cost of such loans will be 0%, all the interest will be compensated by the state so that agricultural producers could use this money to buy all the necessary inputs and carry out the sowing campaign,” marks Taras Vysotsky, First Deputy Minister of Agrarian Policy and Food of Ukraine.

Previously reported that Ukrzaliznytsia partnered with hundreds of agriproducers and processors to support both businesses in Ukraine and help supply foodstuffs to regions invaded by russia.

Latifundist 

Tags: Ukraine, war, loans