Kazakhstan commenced early financing for spring field and harvesting activities in 2025 on November 29. The initiative aligns with the government's commitment to strengthening the agro-industrial complex, a sector highlighted as a key driver of economic growth during a recent agricultural forum by the head of state.
In response to farmers' feedback, the government, under the direction of the Prime Minister, allocated up to KZT 700bn ($1.4bn) for this purpose. Approximately 560bn (1.1bn) will come from market sources, ensuring timely support for agricultural producers.
To facilitate these efforts, the Agrarian Credit Corporation has launched the Ken Dala 2 program, offering farmers financing at a preferential interest rate of 5% per annum. As of now, applications from 684 agricultural producers, amounting to KZT 82bn ($159mn), have been received, with 176 already under processing. An additional 508 applications for KZT 59.9bn ($116mn) are in the documentation stage.
For the first time, financing is being provided well in advance of the spring agricultural season, enabling farmers to secure seeds, fertilizers, and equipment early. The government has also expanded the number of financial institutions available for accessing and repaying loans, including second-tier banks, credit unions, and social-entrepreneurial corporations.
To address farmers' concerns about collateral, the Damu Entrepreneurship Development Fund will guarantee 85% of loan amounts under the Ken Dala 2 program, making credit more accessible.
Follow Daryo's official Instagram and Twitter pages to keep current on world news.
Comments (0)