Kazakhstan pumps billions into farming with low-interest loans and machinery leasing
Kazakhstan has rolled out major financial support for its farming sector this year. Over 4,200 agricultural producers have secured low-interest loans through the Ken Dalasy 2 programme, covering 6.4 million hectares of land. The government has also allocated hundreds of billions of tenge to ensure smooth spring planting and harvest operations. The Ken Dalasy 2 initiative provides loans at just 5% annual interest for up to 18 months. So far, total lending under the scheme has surpassed 534 billion tenge. Prime Minister Olzhas Bektenov highlighted the need for strict oversight of loan repayments to maintain the programmeâs sustainability. He insisted that funds should follow a revolving modelârepayments must be collected before new loans are issued.
Baiterek National Managing Holding has set aside at least 750 billion tenge for this yearâs spring fieldwork and harvest. Meanwhile, KazAgroFinance is offering subsidised leasing of agricultural machinery at the same 5% rate. Since January, more than 5,000 units worth over 180 billion tenge have been distributed, with 90% of the equipment made in Kazakhstan.
The Damu Entrepreneurship Development Fund is also playing a key role by guaranteeing up to 85% of loan amounts. To date, it has issued 1,500 guarantees totalling 209 billion tenge. Bektenov further stressed the importance of using revolving funds efficiently to maximise their impact on the sector. The combined measures aim to boost productivity and financial stability in Kazakhstanâs agricultural industry. With billions in low-cost loans, machinery leasing, and loan guarantees, the government is ensuring farmers have the resources needed for the season ahead. Repayment monitoring and revolving fund management will remain central to the programmesâ long-term success.
