Kyrgyzstan launches 2% preferential loans for farmers' irrigation systems

Kyrgyzstan is taking a significant step towards modernizing its agricultural sector and ensuring water security with the introduction of a new preferential loan program. This initiative, spearheaded by the Ministry of Water Resources, Agriculture, and Processing Industry, directly addresses the critical need for efficient water management in our nation's farms.

With a total funding of 500 million Kyrgyz soms, the program offers loans at a remarkably low 2% annual interest rate, with repayment periods extending up to seven years and a grace period of 12 months. This financial support is specifically designed to encourage the adoption of water-saving technologies, particularly modern irrigation systems like sprinklers, which are vital for optimizing water use in our climate.

The selection process for applicants, conducted in conjunction with local self-government bodies, ensures that the benefits reach those who need them most. The implementation through the 'State Financial Holding' OJSC guarantees a structured and transparent distribution of funds. This program is not just about providing loans; it's about investing in the future of Kyrgyz agriculture, enhancing productivity, and building a more sustainable and resilient farming community for generations to come.

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Preferential loans for modern irrigation systems, including water-saving technologies, have begun to be issued.