Credit Fund

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Credit Fund

Credit Fund is a measure of financial engineering which enables farmers and entities processing agricultural produce to borrow from credit institutions on easy terms, i.e. with interest rates lower compared to those in the market.

Credit Fund was established by the Ministry of Agriculture. It is supervised by the National Paying Agency and administrated by the Agricultural Credit Guarantee Fund.

Credit Fund administrates preferential crediting through credit institutions under two Rural Development Programme 2007–2013 measures, namely:

  • “Modernization of agricultural holdings”;
  • “Processing of agricultural products and increasing of added value”.

Preferential credits can also be granted under the simplified implementation rules of the two measures.