Additional 500 million rubles have been allocated for the implementation of the preferential rural mortgage program
The Ministry of Agriculture of Russia allocated additional funds for the implementation of the preferential rural mortgage program.
The program is one of the key instruments of the state program "Comprehensive Development of Rural Areas". In 2020, 1 billion rubles was allocated for the implementation of this mechanism. According to the Ministry of Agriculture and Food of the Republic of Tatarstan, currently more than 16 thousand borrowers in 80 regions of the Russian Federation have used preferential mortgages, 842 of which are in Tatarstan. In Russia, the volume of loans issued is 32 billion rubles, 1 billion 857 million of them - in Tatarstan. Additional funding will allow more than 20 thousand families to continue working and improve their housing conditions.
The program is very popular in all regions of the country - it provides unprecedented lending conditions at a rate of up to 3% per annum for those who want to purchase finished or build new housing in rural areas. Rosselkhozbank was one of the first to start lending. The complete list of credit institutions participating in the program today includes 9 banks.
“The mechanism of preferential rural mortgages contributes not only to improving the quality of life of citizens, their comfort, but also to the growth of the construction sector, as well as to intensify the development of business in rural areas, since the program will allow securing qualified specialists in the localities,” said Deputy Minister of Agriculture Oksana Lut.
According to the Ministry of Agriculture of the Republic of Tatarstan, taking into account the high demand for rural mortgages, the Ministry of Agriculture of Russia is working on the issue of increasing the amount of funding for this mechanism for its further development.