Kazakhstan launches early financing for 2025 agricultural season

At a recent agricultural forum, President Kassym-Jomart Tokayev highlighted the agro-industrial complex as a vital contributor to economic growth.

The government has initiated measures to support the agro-industrial sector and address farmers' needs. As instructed by the Prime Minister, early financing for spring sowing and harvesting in 2025 has officially begun today, November 29. Up to 700 billion tenge will be allocated for this purpose, with approximately 560 billion tenge sourced from market-based capital.

Through the Ken Dala 2 program, the Agrarian Credit Corporation has started offering financing at a preferential 5% annual interest rate. To date, 684 applications totaling 82 billion tenge have been submitted, with 176 already approved. Another 508 applications, amounting to 59.9 billion tenge, are under review.

For the first time, financing has been made available well ahead of the sowing and harvesting season. This proactive approach allows farmers to purchase seeds, fertilizers, and equipment early, ensuring timely preparation and implementation of essential agricultural activities.

The government has also expanded access to financial institutions, enabling farmers to secure loans and manage repayments conveniently. Financing will be available through second-tier banks, credit partnerships, social entrepreneurship corporations, and the Agrarian Credit Corporation. To address collateral concerns, the Damu Entrepreneurship Development Fund will guarantee up to 85% of loan amounts under the Ken Dala 2 program.

Farmers can submit applications or seek consultations at their nearest Agrarian Credit Corporation regional branches.

For more information, be sure to visit Agrocredit.kz or call 5353 (for Kcell, Activ, Beeline subscribers) or 8 701 006 19 91 (for Tele2, Altel subscribers).