The Minister of Agriculture, Forestry and Water Management, Dragan Glamočić, announced that 1.3 billion dinars have been allocated this year for a subsidized loan program aimed at farmers. This initiative will provide favorable loans for a variety of agricultural needs, ranging from animal husbandry to digital equipment.
At the International Agricultural Fair in Novi Sad, Glamočić participated in the signing of an Agreement on subsidized loans for agriculture. Alongside Banka Poštanska štedionica, Alta banka, NLB banka, and Raiffeisen banka have also joined to support farmers through this program.
The maximum loan amount available is six million dinars for individuals and entrepreneurs, and up to 18 million dinars for legal entities. Loans are provided in dinars, require no cash deposit as security, and have repayment terms ranging from one to three years or three to five years, depending on the loan purpose.
According to the Ministry, these loans can be used to purchase animals, fodder, seeds, fertilizers, planting materials, machinery, irrigation and cooling systems, dryers, silos, as well as for investments in solar panels and precision agriculture technologies.
Farmers can apply directly to the participating banks until October 15. After loan disbursement, the banks submit requests to the Ministry for interest subsidies.
