Uzbek Government to support purchase of agricultural machinery
13/07/2019 18:27
Uzbek Government to support purchase of agricultural machinery
13/07/2019 18:27
Tashkent, Uzbekistan (UzDaily.com) – The Government of Uzbekistan approved the Regulation on the procedure for state support for the procurement of agricultural equipment on the terms of credit and leasing.
In accordance with the regulations, the agricultural enterprise submits to the leasing organization or the bank an application for the purchase of agricultural equipment on the terms of leasing or credit.
In case of a positive conclusion by a leasing organization or a bank, these organizations submit an order to the State Agricultural Support Fund for the allocation of subsidies to cover 10 percentage points of leasing or credit.
The subsidy is allocated only to new agricultural equipment with a production period of not more than 1 year on the date of the conclusion of the leasing or credit agreement.
The Fund decides whether or not to grant a grant and notifies the leasing organization or bank about this within 1 business day.
$ 1 | 12667.00 | +0.022% |
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