MIL OSI Translation. Region: Russian Federation –
In total, 13 billion rubles were allocated for these purposes in 2020.
The possibility of using grants for the creation and development of agribusiness is extended for a year. The decree on this was signed by the Prime Minister Mikhail Mishustin.
Resolution of October 3, 2020 No. 1594
The solution will allow farmers to avoid fines for late use of funds. Family farms, agricultural cooperatives, as well as those who planned to start a business will be able to take advantage of this relief. In addition, it is stated that the accrual of any social benefits cannot be a hindrance to receiving a grant.
As Mikhail Mishustin said at a meeting with Deputy Prime Ministers, in 2020, more than 13 billion rubles were allocated for grant support to agribusiness. Payments can be directed to the purchase of land, animals, agricultural machinery or equipment, the development of project documentation, the reconstruction of production facilities and warehouses. The money is provided on terms of co-financing, and its amount depends on the specific grant program.
The decree will support representatives of small agribusiness, allow them to maintain financial stability and successfully implement the projects they have started.
The signed document changesGovernment Decree of July 14, 2012 No. 717.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.