Government detailed the procedure for using funds to support the livestock sector

Submitted by bashun on Fri, 08/31/2018 - 15:51

During the meeting of the Government relevant changes were made to clarify the procedure for using funds under the budget program 2801540 "State support of the livestock sector" in order to effectively use the funds provided for in the state budget for 2018.

In particular, it was specified that:

- reimbursement of expenses financed from bank loans will be carried out without VAT;

- the period for obtaining loans starts from 2018;

- targeted use in the direction of compensation for the value of objects financed by bank loans - in accordance with the design estimates, including equipment;

- a special budget subsidy for the content of cows is provided to business entities that are legal entities and owners of these cows.

Due to the changes introduced, banks will be able to develop unified loan products and intensify work with agricultural producers to provide them with loan funds for these purposes in the amount of 4,300 million UAH.

It will also ensure the creation of equal conditions for the possibility of obtaining state support for agricultural producers (both for those who buy Ukrainian sperm products, and for those who buy sperm of foreign origin).

English

Read more