Achi news desk-
03.05.2024 17:26
The government decided to extend the state portfolio guarantees for loans to farms that lost potential collateral due to hostilities. The relevant decision No. 477 was adopted by the Cabinet of Ministers of Ukraine at a regular meeting. This was reported by the press service of the Ministry of Agrarian and Food Policy of Ukraine.
According to the document, farms that received loans until 2022 and are located in temporarily occupied territories or where active hostilities are taking place can postpone their repayment until December 31, 2025.
Requests from farmers for credit extension will be accepted through the State Agricultural Register.
“This is a very important decision for farmers, which will allow them to extend loans taken until February 24, 2022. This will stimulate the development and recovery of the agricultural sector,” said First Deputy Minister of Agricultural Policy, Taras Vysotsky.
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