Agriculture of the Russian Federation will receive subsidies in the amount of 75 billion rubles

The Minister of Agriculture of the Russian Federation, Alexander Tkachev, said that during the meeting of the Government of the Russian Federation, subsidies in the amount of 75 billion rublesincluding: - it is proposed to allocate 58.8 billion rubles to reimburse part of the interest rate on investment loans in the agro-industrial complex; - for compensation of a part of the direct costs incurred, the creation and modernization of the AIC facilities - 11.5 billion rubles; - for reimbursement of costs of agricultural producers under the federal target program "Development of Land Reclamation of Agricultural Land of Russia for 2014-2020" - 4.4 billion rubles; - to reimburse part of the interest rate on loans for the development of aquaculture and sturgeon farming - 372.5 million rubles.

The head of the Ministry of Agriculture of Russia noted that taking into account the work done to reduce the number of interbudgetary transfers and consolidate state support measures in 2017, the Ministry of Agriculture prepared one order of the Government of the Russian Federation to subsidize investment loans instead of four, which will simplify the mechanism and shorten the time to bring money to agricultural producers. This measure will make it possible to provide state support on investment loans accepted for subsidies until January 1, 2017.

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