Agroholding Krasny Vostok received 1 billion rubles under the program of concessional lending to strategic enterprises of the agro-industrial complex
Agroholding Krasny Vostok is one of the largest agricultural enterprises in the Republic of Tatarstan. It is engaged in the production of milk on the largest mega-farms, and also produces crop products on 238,365 hectares of land, breeding products, beef and more.
Rosselkhozbank provides financial support to the agricultural holding on an ongoing basis. The total amount of which to date has amounted to 2.7 billion rubles, including 1 billion rubles received in 2022 under the program of concessional lending to strategic enterprises of the agro-industrial complex.
Recall that on March 25 this year, the RSHB announced the signing of an agreement with the Ministry of Agriculture on a program of concessional lending to strategic enterprises of the agro-industrial complex. Borrowers can be backbone enterprises and/or their subsidiaries from the list approved by the Government Commission on Improving the Sustainability of the Russian Economy. In accordance with the terms of the program, large enterprises can receive a loan of up to 5 billion rubles for operating activities at a rate of 10% per annum.
The loan is granted for a period of not more than 12 months and can be used, for example, for the purchase of fuels and lubricants, mineral fertilizers, agricultural raw materials for further processing, etc.