Program "Ken Dala 2" Becomes More Accessible to Farmers: Loan Conditions Simplified

Kazakhstan continues to improve state support measures for the agricultural sector. Recently, amendments have been made to the "Ken Dala 2" program to simplify the loan acquisition process for agricultural producers. In particular, the requirements for loan security have been eased, significantly improving access to financing.

What Changes Have Been Made?
The Association of Agricultural Producers of Kostanay Region previously submitted proposals to relevant authorities to revise certain conditions of the program. Among the key initiatives was the removal of additional loan security requirements, such as a guarantee agreement for farmers and participants in legal entities. Farmers also pointed out other requirements that hindered fast and convenient access to financing.
The Agrarian Credit Corporation carefully reviewed these proposals and decided to introduce adjustments. As a result, the program's conditions have become more flexible. Now, borrowers who qualify as reliable clients are no longer required to provide a guarantee. Additionally, if the loan is secured with liquid collateral, the guarantee requirement is also lifted. Another important change is the elimination of guarantee obligations for underage participants of legal entities.

What’s Next?
These changes are just the beginning. Currently, adjustments related to the targeted use of funds are being discussed. The agricultural community, together with industry organizations, is actively developing new proposals and implementation mechanisms.
The dialogue between the Association of Agricultural Producers of Kostanay Region and the Agrarian Credit Corporation remains constructive. Industry representatives emphasize that due to timely feedback from farmers and their active participation in discussions, government support measures are becoming more accessible and effective.
The updates to "Ken Dala 2" have already positively impacted agricultural enterprises’ ability to obtain financial assistance. This is an essential step towards simplifying procedures and increasing the transparency of lending, ultimately contributing to the sustainable development of the agricultural sector.