Pivdenny Bank continues to pay compensation to farmers under the state programme “Financial Support for Agricultural Producers”

30.07.2019

Since December 2018, Pivdenny Bank has paid about UAH 900,000 in compensation to farmers for the purchase of domestic machinery and equipment.

According to the Cabinet of Ministers of Ukraine, from December 2018 to May 2019, a total of 2,372 agricultural producers took advantage of the programme. A total of 3,993 units of machinery and equipment worth UAH 1,262,000 were purchased.

The largest recipients of compensation from the state include agricultural producers in the Vinnitsa, Odessa, Sumy, Kirovograd and Nikolaev regions.

Today, the Ministry of Agrarian Policy and Food is collaborating with 11 authorised banks, including Pivdenny Bank. The corresponding memorandum with the Ministry of Agrarian Policy of Pivdenny Bank was signed on 28 November 2018.

In 2019, the State Budget of Ukraine under the programme “Financial Support for Agricultural Producers” provides for a total of UAH 881.79 million. A list of domestic agricultural machinery and equipment, the acquisition of which is partially offset by the state programme, can be found here.