KYIV. July 13 (Interfax-Ukraine) – Small farmers with net sales revenue up to UAH 10 million and farmers who breed cattle would be able to receive compensation for credits in the size of the refinancing rate of the National Bank of Ukraine (NBU).
According to the decision the government made at a meeting on Wednesday the rest of farmers will receive compensation for credits in the amount of 50% of the NBU’s refinancing rate.
The 2017 budget foresees the allocation of UAH 300 million for the credit rate compensation program for farmers.
Now the refinancing rate is 12.5% per annum.
