Government approved short term programme for stabilizing agriculture sector and settled necessary funding source to implement the programme.
Mongolian government allowed Development Bank Board to operate in a way that agriculturists and agriculture business entities can take loans up to 2 years through commercial banks.
In regards to this, Development Bank will initially grant 50 billion MNT to agriculturists for loan purpose with 2 year period and 12.5 percent interest rate.
This loan is dedicated only for this spring cultivation and Ministry of Agriculture compiled and delivered a list of some 1500 citizens, entities and company names to Development Bank.
Commercial banks such as TDB, Khaan, Golomt will grant loans and citizens, entities will have to gather required materials and contact any of the above mentioned banks.
Government approved short term programme for stabilizing agriculture sector and settled necessary funding source to implement the programme.
Mongolian government allowed Development Bank Board to operate in a way that agriculturists and agriculture business entities can take loans up to 2 years through commercial banks.
In regards to this, Development Bank will initially grant 50 billion MNT to agriculturists for loan purpose with 2 year period and 12.5 percent interest rate.
This loan is dedicated only for this spring cultivation and Ministry of Agriculture compiled and delivered a list of some 1500 citizens, entities and company names to Development Bank.
Commercial banks such as TDB, Khaan, Golomt will grant loans and citizens, entities will have to gather required materials and contact any of the above mentioned banks.