Loans for water-saving technologies are available up to 3 million soms, but require collateral, - Ministry of Agriculture

Марина Онегина Economy
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As part of the preferential lending program "FSH-14," aimed at implementing water-saving technologies, financing of up to 3 million soms is provided. However, such loans can only be issued on the condition of collateral. This was reported on February 11 by Mirbek Duyshiev, Deputy Minister of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic.

The Deputy Minister noted that unsecured loans under this program are available only for the sectors of crop production and animal husbandry, and their amount does not exceed 500,000 soms.

"For water-saving technologies, amounts of up to 3 million soms are provided, but these funds must be secured by collateral. Commercial state banks do not have the ability to provide such loans without collateral," he added.

Duyshiev also mentioned that farmers who have faced refusals from banks can seek assistance from the Ministry of Agriculture or from farmer service centers that are open in various regions. All requests will be considered individually, including the possibility of participation in other state support programs.
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