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06/25/2024 14:12:00

Baiterek Holding launches 100 billion tenge leasing program for farmers

16.05.2024

Baiterek Holding allocates 100 billion tenge to finance farmers

Baiterek Holding allocates 100 billion tenge to finance farmers

     On May 16, 2024, Baiterek Holding took proactive steps to support farmers by allocating 100 billion tenge through its subsidiary, Agrarian Credit Corporation. This funding, facilitated by purchasing bonds on the KASE platform, is aimed at timely financing for spring field and harvesting activities.

     In alignment with a broader initiative, the allocated sum contributes to a planned financing volume of 300 billion tenge for agro-industrial projects in 2024. Notably, agricultural entities stand to benefit from preferential financing rates due to subsidized remuneration.

     Agrarian Credit Corporation anticipates that this additional financing will enable coverage of approximately 4 million hectares of sown areas.

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