Government secures €25,500 working capital loans at 5.1% fixed rate for agricultural sector
The Ministry of Agriculture and Food Industry has officially launched a new financing facility designed to stabilize the nation's farming sector. Farmers can now access credits of up to €25,500 (approx. 500,000 MDL) with a guaranteed fixed annual interest rate of 5.1%.
The funds are provided through the Agricultural Lending Facility (FCA) under the "Agricultural Working Capital" component. This financial instrument specifically targets immediate operational costs for both small and large-scale producers.
Strategic liquidity for seasonal works
This credit line serves as a direct response to the urgent liquidity needs of agricultural producers. It aims to cover essential expenses such as fuel, seeds, fertilizers, and other critical seasonal services.
The initiative was developed by the Ministry in collaboration with the External Assistance Programs Management Office (OGPAE). It ensures an efficient distribution mechanism to reach rural communities during peak production periods.
Key lending terms
Credit ceiling: Up to EUR 25,500 per beneficiary.
Interest rate: Fixed at 5.1% per annum.
Repayment period: Up to 5 years.
To access these resources, farmers are encouraged to apply directly to participating financial institutions, including commercial banks where they currently hold accounts.
This measure is part of a broader government package aimed at increasing agricultural resilience. It specifically addresses economic challenges such as the sharp rise in fuel prices during the spring sowing season.
Translation by Iurie Tataru
