Baiterek Holding launches pilot project for farmers

Baiterek National Management Holding announces the launch of a pilot project titled “Splitting the Interest Rate”. This project is designed to provide preferential financing to crop farmers, with the interest rate being subsidized by suppliers of goods rather than government funds.

FOODGRAIN LLP, a participant and borrower of the Karlygash credit partnership in the Kostanay region, was the first to benefit from this pilot project. If successful, the “Splitting the Interest Rate” tool will be expanded to the industrial level.

“The concept of the project is simple yet effective: farmers receive financing at a reduced interest rate, with subsidies provided by their suppliers. This approach not only eases the burden on the state budget but also ensures that credit resources remain accessible and appealing to farmers, addressing the issue of underfunding in the industry,” stated Nurbolat Aidapkelov, First Deputy Chairman of the Board of Baiterek Holding.

Farmers interested in participating in this project can reach out to the holding’s subsidiary, Agrarian Credit Corporation, by contacting the helpline at 5353.