Jan 25, 2021
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RUB 36.7 billion allocated for subsidies for agricultural machinery manufacturers

In the next three years, it is planned to allocate 36.7 billion rubles for programs of subsidizing agricultural machinery manufacturers and preferential leasing, writes Rossiyskaya Gazeta with reference to the Ministry of Industry and Trade.

This year, it will help farmers acquire over 22,000 units of the necessary technical equipment. Part of the utilization fee will also be directed to incentive programs.

Last year, 14 billion rubles were allocated for the program of subsidizing agricultural machinery manufacturers. As part of the program, machine-building enterprises provide customers with discounts of 10-15%. In 2020, 22,000 units of agricultural machinery were purchased, including 4,800 grain and forage harvesters, 3,000 tractors and 14,200 trailed, mounted and other agricultural machinery.

Another support measure is the concessional leasing program, which applies to road construction equipment. In 2021-2023, 2.6 billion rubles, 2.2 billion rubles and 1.9 billion rubles will be allocated for it each year, respectively. This will allow 3500 units of equipment to be sold.

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