JSC National Management Holding Baiterek, together with the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan, the Ministry of Agriculture of the Republic of Kazakhstan and the Ministry of Ecology, Geology and Natural Resources of the Republic of Kazakhstan, is launching a Preferential Leasing Program for Agricultural Equipment. The financial operators of the Program will be Industrial Development Fund JSC and KazAgroFinance JSC.
To implement the Preferential Leasing Program for Agricultural Equipment, funds will be allocated 40 billion tenge, of which 30 billion tenge will be raised by Industrial Development Fund JSC from the funds of Zhasyl Damu JSC (ROP operator) and 10 billion tenge by KazAgroFinance JSC from the capital markets.
Acceptance of applications for participation in the Program will begin from 5 of August current year in all branches JSC "KazAgroFinance".
The consideration of applications, as well as the provision of leasing of domestically produced agricultural machinery, will be handled by KazAgroFinance JSC on the following conditions:
1. Leasing term – up to 10 years old;
2. Remuneration rate – 6% per annum;
3. Down payment (advance payment) for leasing – 0% on the cost of the leased item;
4. Grace period for repayment of the principal debt – 1 year;
5. Amount of financing – no more (205) 000 000 (two hundred five million) tenge and no more than three units of agricultural machinery per lessee.
Another important condition is that financing will be provided to one lessee no more than once during a two-year period.
The following domestically produced self-propelled agricultural equipment will participate in the Program:
• Tractors of the brands LOVOL, DEUTZ FAHR, TURAN, KIROVETS, BELARUS, RSM, YTO, CLAAS XERION, DONG FENG, WUZHENG
• Grain (rice) combines of the brands ESSIL, VECTOR, ACROS, TORUM, CLAAS TRION, DEUTZ FAHR;
• Forage harvesters: High-performance forage harvester (KVK), Self-propelled forage harvester (KSK).
The list of manufacturers of agricultural machinery includes: AgromashHolding KZ JSC, Kostanay Tractor Plant LLP, Kazakhstan Agro Innovation Corporation LLP, SemAZ LLP, Kazrost Engineering Ltd. Private Limited Company, ST ESEMBLI LLP, KazKioti LLP ", LLP "Machine-building plant MTZ-Kazakhstan".
It is worth noting that financing under the Preferential Leasing Program for Agricultural Equipment will be of a revolving nature, that is, payments from the repayment of the existing lease will again be used to conclude new financial leasing agreements. The Program itself will last for 20 years.