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State to provide Penza region 21.3 million to support entry-level farmers

11:47 | 19.03.2015 | Economy


Penza, 19 March 2015. PenzaNews. The Penza region will receive 21.3 million rubles from the federal budget for support of entry-level farmers.

The funds will be used to co-finance expenditures on grants for creation and development of farm enterprises and single-time financial aid projects to help entry-level farmers obtain the equipment.

“The Penza region has been organizing measures to support entry-level farmers since 2012. During the two years, 88 heads of farm enterprises were found eligible to participate in the program,” the official explained, adding that such business projects may receive grants for up to 1.5 million rubles.

According to the ministry, the Penza region will also receive nearly 14.5 million rubles of subsidies to provide support to already working family-owned livestock farms.

“As part of the program ‘Development of family-owned livestock farms as peasantry (farm) enterprises,’ the region provides grants for up to 10 million rubles for one of the following livestock farming areas: meat and milk cattle breeding, horse breeding, rabbit breeding, and poultry breeding, excluding broiler chickens and ostriches,” said the regional Agriculture Ministry.

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