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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 19, 2012 No. 488

About approval of Rules of subsidizing of rate of remuneration on the credits issued on support of agricultural industry

According to the Law of the Republic of Kazakhstan of November 24, 2011 "About the republican budget for 2012 - 2014" the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of subsidizing of rate of remuneration on the credits issued on support of agricultural industry.

2. This resolution becomes effective after ten calendar days from the date of the first official publication.

 

Prime Minister of the Republic of Kazakhstan

K. Masimov

Approved by the order of the Government of the Republic of Kazakhstan of April 19, 2012 No. 488

Rules of subsidizing of rate of remuneration on the credits issued on support of agricultural industry

1. General provisions

1. These rules of subsidizing of rate of remuneration on the credits issued on support of agricultural industry (further - Rules), are developed according to the Law of the Republic of Kazakhstan of November 24, 2011 "About the republican budget for 2012 - 2014" and determine procedure for provision of subsidies from the republican budget for compensation of part of costs of borrowers for payment of remuneration by the credits (leasing) within the budget program 039 "Compensation of rate of remuneration on the credits for support of agricultural industry" for 2012.

2. In these rules the following concepts and determinations are used:

1) administrator of the budget program - Ministry of Agriculture of the Republic of Kazakhstan;

2) financial institutions - the banks of the second level, credit institutions having the corresponding license for the right of implementation of banking activity, leasing companies;

3) the borrower - the physical, legal entity, irrespective of pattern of ownership, including the peasant farm which is engaged in conversion of agricultural products, production of food products;

4) the credit (leasing) - the amount of money (leasing subject) provided by financial institution to the borrower based on the credit agreement;

5) the credit agreement - the agreement of bank loan (financial leasing) signed between financial institution and the borrower;

6) remuneration rate - the amount of remuneration established by the credit agreement between financial institution and the borrower for use of the credit (leasing).

2. Subindustries of production (conversion) of agricultural products and cost types on which subsidies are provided

3. At the expense of means of the republican budget of subsidy are provided for the purpose of providing financial support in the following priority directions:

1) group "A" - the borrowers who are engaged:

conversion of fruits, berries, vegetables and production of fruit and vegetable canned food;

production of fowl, eggs and egg powder;

conversion of fish and fish products;

conversion of milk and production of dairy products;

conversion of oil-bearing crops and production of fat-and-oil products;

conversion of meat and production of meat products;

production of white sugar;

conversion of corn;

2) group "B" - the borrowers who are engaged:

conversion of rawhide and wool;

production of grain.

4. Subsidies are provided in case of execution of payment commitments of the borrowers of group "A" and "B" connected with compensation of part of costs:

1) on the credits obtained:

on purchase of agricultural raw materials for primary and industrial conversion, auxiliary raw materials and materials necessary for production of finished goods;

on purchase of fuels and lubricants, spare parts and materials for repair of agricultural machinery, machines, pumping points, mineral fertilizers, remedies of plants, forages, veterinary medicines and other material resources for carrying out seasonal works, and also on acquisition of young growth of farm animals (in case of use of self-produced agricultural raw materials) in the presence of the certificate of self-produced amounts of agricultural products;

on acquisition of agricultural machinery, the special equipment, Items on acceptance and (or) primary conversion of agricultural raw materials, including cooling treatment and storage of agricultural products (in case of use of self-produced agricultural raw materials) in the presence of the certificate of self-produced amounts of agricultural products;

on acquisition of processing equipment, automatic and power machines (automatic flow lines, electric motors, steam-engines, etc.), necessary for production of finished goods;

2) on the leasing received:

on acquisition of the agricultural machinery necessary for equipment of Items on acceptance and (or) primary conversion of agricultural raw materials, including cooling treatment and storage of agricultural products (in case of use of self-produced agricultural raw materials) in the presence of the certificate of self-produced amounts of agricultural products;

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