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Loan of MNT 400 billion for agricultural development to be disbursed www.montsame.mn
At today's regular meeting of the Cabinet, a decision was made to issue a loan of MNT 400 billion with a 3 percent interest rate for the development of the agricultural sector.
Specifically, MNT 100 billion will be disbursed for the circulation of agricultural products, MNT 50 billion to vegetable farmers, and MNT 190 to wool, leather, and cashmere factories.
The Cabinet also submitted a resolution to the State Great Khural to amend the livestock taxation in order to develop intensive livestock breeding in agricultural areas within the framework of the ‘New Revival Policy’. The draft provides for a tax of up to MNT 10,000 on each livestock in agricultural areas.
Published Date:2022-03-17
