In 2018, JSC Ukreximbank and the Ministry of Agro-Industrial Policy of Ukraine entered into a Memorandum on General Principles of Cooperation within the framework of Resolution No. 107 dated February 7, 2018 On the Use of Funds Provided by the State Budget to Support the Livestock Sector.
Partial interest rate compensation under bank loans
Sectors: sheep breeding, goat breeding, beekeeping, fur-farming, rabbit breeding, silkworm husbandry and aquaculture
| Type of the loan | Short-term (non-revolving) loans, short-term or long-term loan |
|---|---|
| Amount of the loan | Up to 100 million |
| Currency | UAH |
| Targeted use | Financing of production costs under short-term (non-revolving) loans (except for overdraft (current-account credit) and loan facilities) Cover of capital (investment) expenses under medium-term and long-term loans |
| Security | Is required. Liquid collateral |
State support for the borrower is provided in form of partial interest rate compensation under bank loans
Object of compensation: interest accrued and paid in the current year for the loan use.
Compensation rate: 1.5 discount rate of the National Bank, effective on the date of interest accrual, but not more than the amount stipulated by the loan agreement, reduced by 3 pet.
The interest is compensated monthly based on the amount of interest actually paid by the borrower to the bank for the relevant period in accordance with the loan agreement.
Partial compensation of the cost of construction and reconstruction of livestock farms and complexes, milking rooms, agricultural products processing enterprises financed (excluding VAT) through bank loans.
| Type of the loan | Loans up to 5 years |
|---|---|
| Amount of the loan | Up to 500 million per one object |
| Currency | UAH |
| Targeted use | Construction and/or reconstruction: • Livestock farms and complexes (for cattle breeding, pig breeding, poultry breeding, including waterfowl and turkey breeding) • Milking rooms • Enterprises for processing of agricultural products (milk, meat) and/or animal by-products of category II and III, including the cost of equipment according to the design and estimate documentation |
Features
State support for the borrower is provided in the form of partial compensation of the cost of construction and reconstruction of livestock farms and complexes, milking rooms, agricultural products processing enterprises in terms of costs financed (excluding VAT) through a bank loan.
Compensation rate: 25 percent of actual monthly expenses incurred for construction and/or reconstruction of facilities financed through a bank loan.
The value of facilities is compensated for actual expenses incurred for construction and/or reconstruction of facilities on the basis of documents confirming the intended use of a loan.
For getting compensation, please, contact Ukreximbank.
More detailed information on getting compensation under the state programs for business support.
