The government of Kazakhstan has allocated more than KZT 116bn ($233mn) from its reserve fund to support domestic farmers. The resolution was signed by Prime Minister Olzhas Bektenov in line with President Kassym-Jomart Tokayev’s directives.
The funds will ensure preferential financing for sowing and harvesting operations in 2025, as part of the broader initiative to provide at least KZT 700bn ($1.4bn) for agricultural support. This measure aims to stabilize the financial situation of farmers and provide affordable lending options for agricultural producers.
The allocated funds will be directed toward financing high-quality spring field and harvesting work, as well as the purchase of domestically manufactured agricultural machinery.
This will be implemented through subsidies on coupon interest for bonds issued by Agrarian Credit Corporation and KazAgroFinance. Additionally, the initiative will reduce commission costs for loan guarantees provided by Entrepreneurship Development Fund Damu.
This latest allocation follows the government's previous financial support of KZT 100bn ($201mn) in December 2024, aimed at strengthening funding for the upcoming agricultural season.
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