Preferential lending in the agro-industrial complex: current state and prospects

Innovations in the agro-industrial complex require effective mechanisms of state support, in particular – preferential financing. The article examines current trends and prospects for the development of the preferential lending system in Kazakhstan’s agrarian sector as one of the key instruments for stabilizing agriculture.

The goal is to justify directions for providing concessional loans to agricultural production, food, and processing industries in order to ensure food security, increase the investment attractiveness of the sector, and enhance its economic resilience.

Methods – the methodological basis includes content analysis of regulatory legal acts, statistical data on credit volumes, and current subsidy programs; monitoring of the current state of the agricultural sector and evaluation of the effectiveness of government support measures for agricultural enterprises; the economic-statistical method was used to process data characterizing the dynamics of loans issued at below-market interest rates; scientific approaches and principles of managing preferential credit lines were also applied.

Results – the main problems hindering the choice of optimal preferential conditions were identified: imbalance in selection criteria, complexity of subsidy procedures, and regional differentiation in access to financial resources. Proposals were developed to simplify procedures, enhance transparency, digitalize the application system, and optimize credit support services.

Conclusions – the author concludes that it is necessary to update the regulatory framework of government programs in accordance with the real needs of agricultural entities. Preferential financing is a strategic tool for modernizing the agro-industrial complex, improving the socio-economic situation in rural areas, and increasing the competitiveness of domestic products on both domestic and foreign markets. It is essential to expand the list of credit institutions and the range of loan products offered, taking into account the interests of all types of rural economic entities.

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