Ukraine's Cabinet of Ministers has expanded a list of borrowers who have the right to receive an agro-industrial credit rate compensated, allowing individuals to receive compensations.

According to cabinet resolution No. 267 of April 6, the amendments are made to the procedure for using funds from the national budget to support measures in the agro-industrial via cheapening credits.

Additionally, the compensation in 2015 was provided if the sum of credit rates and the bank fee linked to the credit did not exceed 30% per annum, in 2016 it will provided if the sum of credit rates does not exceed NBU refinancing rate multiplied by 3 percentage points at the moment of the signing of the agreement. This would allow not amending the procedure in the future due to fluctuations of NBU rates.

The resolution is in effect in 2016.

KYIV. April 12 (Interfax-Ukraine) – Ukraine's Cabinet of Ministers has expanded a list of borrowers who have the right to receive an agro-industrial credit rate compensated, allowing individuals to receive compensations.

According to cabinet resolution No. 267 of April 6, the amendments are made to the procedure for using funds from the national budget to support measures in the agro-industrial via cheapening credits.

Additionally, the compensation in 2015 was provided if the sum of credit rates and the bank fee linked to the credit did not exceed 30% per annum, in 2016 it will provided if the sum of credit rates does not exceed NBU refinancing rate multiplied by 3 percentage points at the moment of the signing of the agreement. This would allow not amending the procedure in the future due to fluctuations of NBU rates.

The resolution is in effect in 2016.