On March 2, a program began to operate in Russia, according to which loans for agricultural machinery and equipment for the food and processing industry can be obtained on favorable terms. Benefits will be provided as part of government decree No. 163, signed on February 17.
The loan rate will not exceed 5%. Loan term - no more than 5 years. The program covers loans in rubles issued from January 1 to December 1, 2018. Another requirement is that the equipment must be new and put into circulation in Russia no earlier than the year preceding the year of its sale. For 2018, the program will allow for the implementation of at least 4 thousand units of special equipment on favorable terms, the Ministry of Industry and Trade calculated.
The federal budget allocated 2 billion rubles to subsidize the program during the year. Today, farmers can also get a 15-20% discount on agricultural machinery by decree No. 1432. This support measure is also subsidized from the federal budget, 2018 billion rubles have been allocated for 10 and the amount could grow by 5 billion.
A source: https://agro.ru/