For 2 months of 2020, the total amount of loan funds issued by the Agricultural Bank for seasonal work amounted to 96 billion rubles, which is 1,2 times more than the same period last year. Of these, more than 70% of loans are issued at preferential rates of no higher than 5%.
Even before the onset of spring, farmers begin preparatory work primarily for replenishing mineral and organic substances in the soil, purchasing and sorting seeds for sowing, repairing and purchasing tillage and sowing equipment. The speed and productivity of spring sowing work depends on how ready the fleet is.
“Credit support to farmers during seasonal field work is a permanent strategic priority for the Russian Agricultural Bank. Agricultural producers get the opportunity to improve the technological side of seasonal field work and, as a result, to increase yields. Rosselkhozbank will continue to increase the amount of financing for sowing and harvesting companies, while maintaining its share in the lending market of the RMS at least 75%, ”said Irina Zhachkina, First Deputy Chairman of the Management Board of Rosselkhozbank JSC.
RSHB offers a wide range of loan products for seasonal work. For example, for small and micro-businesses, the Bank has developed the “Seasonal Easy” loan product for the purchase of mineral and organic fertilizers, seeds, feed, veterinary drugs and plant protection products. Under the terms of the product, a loan of up to 5 million rubles can be obtained in just two documents - a loan application and a certificate from the tax authority. Target loans in the amount of more than 5 million rubles are subject to the reduced terms of making a decision on lending.
The winners of the AgroCode Top-100 2023 award have been announced
AgroCode Top-100 is an all-Russian award from Rosselkhozbank for the most outstanding representatives of the agro-industrial complex. This year it was held for the fourth time...