Loans subsidised by the Ministry of Agriculture

ProCredit Bank began to accept applications for this year’s subsidised loan programme in collaboration with the Ministry of Agriculture, and applications for liquidity loans envisaged under the Decree on financial support to agricultural holdings in difficult economic conditions due to COVID-19.

With this in mind, we’d like to introduce you to the basic information concerning this year's programme of the Ministry of Agriculture.


Purpose of the loan:

1)  Livestock development, which includes the purchase of animals and the animal insurance premium prescribed by the Decree;

1a) Procurement of quality breeding heifers and quality breeding cows up to 5 years of age;

2)   Development of arable farming, fruit growing, viticulture, vegetables and floriculture;

3)   Investments in agricultural machinery and equipment;

4)   Procurement of animal feed;

5)   Investments in certain types of machinery and equipment used in crop production;

6)   Liquidity.

Overview of the terms and conditions: 

Beneficiary:
RPG [in English: Registered Agricultural Holding], Entrepreneur or legal entity​

Processing cost

Interest

    Maturity

Submittal of pro forma invoices

purpose of the loan 1, 2, 4

1.50%

1%

up to 36 months

YES

purpose of the loan 1 a

1.50%

1%​

from 36 to 60 months

YES

purpose of the loan 3

1.50%

3%

up to 36 months

YES

purpose of the loan 5

1.50%

3%

from 36 to 60 months

YES

purpose of the loan 6

1.50%

1%

up to 36 months

NO

Beneficiary: RPG younger than 40 years of age, women, areas with difficult working conditions

DF

IR

Maturity

pro forma invoice

purpose of the loan 3

1.50%

1%

up to 36 months

YES

Loan amount

  • Private Individuals - holders of a commercial family agricultural holding and entrepreneurs are entitled to credit support, provided that the total loan amount does not exceed RSD 6,000,000.
  • Legal Entities are entitled to credit support, provided that the total loan amount does not exceed RSD 18,000,000.
  • FOR LIQUIDITY the total loan amount for all clients is RSD 3,000,000.

For clarification, the client cannot use a loan for the purchase of FA/WC in the amount of RSD 6 million and a liquidity loan in the amount of RSD 3 million.
The client may be granted loans for various purposes within the aforementioned stipulated maximum amount for private individuals, entrepreneurs and legal entities.

 

Loan Repayment

  • Monthly, quarterly, six-month and annual annuities

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