On Tuesday, the government of Ukraine allocated an additional UAH 2.3 billion to the Affordable Loans 5-7-9 program, under which the Cabinet of Ministers compensates the interest rate, Prime Minister Denys Shmyhal said.
“We have also reformatted this program. Now every entrepreneur can get a loan at 0% in the amount of up to UAH 60 million. The state will pay the interest to the bank,” he said in his address on Tuesday evening.
Shmygal stressed that the restart and resumption of business is a necessary condition for the sustainability of the economy.
The prime minister also noted that the government is providing assistance to farmers, and the sowing campaign has already begun in all regions, except for Luhansk.
“We have provided them (agrarians) with concessional financing for UAH 3.5 billion. At today’s meeting of the government, they decided to simplify the registration of agricultural machinery as much as possible. We are doing this so that sowing work in the field does not stop anywhere,” Shmyhal said.
Earlier on Tuesday, the Ministry of Finance announced that within the framework of the program “Affordable loans 5-7-9” from February 21 to April 11, 1,391 loans were issued for a total of UAH 3.95 billion.
