101 units of equipment provided within the state program of leasing agricultural machinery
As of September 7, 2017, in total 101 units of agricultural machinery, including 56 tractors have been provided to farmers within the financial lease of agricultural machinery, the State support for financial leasing, the ministry of agriculture reported in a release.
According to the source, at present “SME Investments,” “Card Agro credit” universal credit companies and “AGBA Leasing” credit organization are involved in the program.
To remind, the government adopted the state support program of leasing agricultural machinery in March, having the goal of providing agricultural machinery and equipment to farmers on affordable conditions through a state-supported leasing.
The agricultural machinery can be purchased on an advance payment of 20% and at a 2% annual leasing rate with a maturity period of 3-10 years, depending on the type of machinery.