Allocation of budget subsidies

The Ministry of Agriculture and Food of the Republic of Tatarstan prepared a document on investment loans allocation for development of cattle breeding. The document was approved at the session of Government of the Russian Federation on May 8, 2014.

It is planned to allocate 3,150.02 million rubles of the federal budget for the interest rate refund on investment loans in 53 subjects of the country.

Such kind of support is available as a part of the federal budget, which is specified each year. This year 4,457.81 million rubles from the federal budget are allocated for these purposes. The rest 1,307.79 million rubles are allocated for a partial refund of interest rates on investment loans for development of cattle breeding.

Such kind of aid will be able to meet the needs of agricultural producers dealing with meet cattle breeding to get investment loans subsidies in this sphere.

The instruction № 808-p dated May 14, 2014 is posted on the official website of the Ministry of Agriculturewww.mcx.ru.