Tiraspol, April, 13. /Novosti Pridnestrovya/. Beginning from this year, farmers will be able to use a soft loan to increase dairy herds. The legislative act on amendments and additions to the law “On additional measures aimed at stabilizing the economy of the PMR” was signed by the President of the Republic.
The amendments proposed by the Government were adopted by the Supreme Council on March 27.
Now, soft loans will be issued not only for the purchase of fixed assets and infrastructure upgrades, but also for the purchase of unfinished, long-term and short-term biological assets (animals and plants). Thus, livestock farms that are planning to increase their dairy herd will have the access to the mechanism of preferential lending through interest rate subsidies.
In addition, the amendments are designed to support agricultural producers who plan to develop reclamation infrastructure.
The mechanism of concessional lending through interest rate subsidies was established last year. Banks reduced rates on loans for the modernization of fixed assets for industrial enterprises and priority sectors of the agro-complex by 7%, which the state pledged to compensate through a corresponding reduction in the income tax.
The law enters into force on the day following the day of its official publication.
