Financial sector news

Banks paid almost UAH 91 million in compensation to farmers for agricultural machinery purchased from Ukrainian producers

UAH 90.9 million was paid by authorised banks to farmers under the programme of partial compensation for the cost of agricultural machinery and equipment made in Ukraine (25%). The Ministry of Economy approved the relevant orders within three months of the state support programme.


2024.08.28teliyupa Banks paid almost UAH 91 million in compensation to farmers for agricultural machinery purchased from Ukrainian producers | Асоціація українських банківAndriy Teliupa
Deputy Minister of Economy of Ukraine

lapkipryamamova-removebg-preview Banks paid almost UAH 91 million in compensation to farmers for agricultural machinery purchased from Ukrainian producers | Асоціація українських банків

 

‘This government programme is very popular among farmers and Ukrainian producers and demonstrates real results. In just three months of the programme, agricultural producers have received payments from the state for the purchased Ukrainian machinery. The number of participants in the programme, both farmers and machinery manufacturers, is constantly growing, and the supply of agricultural machinery and equipment on the market is increasing, which stimulates the development of the machine-building industry, which means jobs, taxes and the country's budget. We have allocated UAH 1 billion for the programme for 2024, so I urge agricultural producers and machinery manufacturers to join the programme, which is part of the Made in Ukraine policy,’ said Andriy Teliupa, Deputy Minister of Economy of Ukraine.

 

 


In particular, they received compensation:

  • in April - over UAH 220 thousand (3 farmers);
  • in May - over UAH 18.6 million (93 farmers);
  • in June - almost UAH 72.2 million (204 farmers).

Over the three months of the programme, 300 agricultural enterprises purchased 460 units of Ukrainian machinery and equipment worth UAH 435.5 million.
According to the data received from authorised banks, almost UAH 62 million of partial compensation for the purchase of Ukrainian-made agricultural machinery and equipment is planned to be paid to farmers in July.

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