OREANDA-NEWS. January 26, 2012. According to the resolution adopted by the cabinet ministers, this money are assigned to stimulate lending of producers of agricultural products by commercial banks, to insure risks in agriculture, to stimulate investment for establishment of perennial plantations, minister of agriculture and food industry Vasile Bumacov has said.

The funds are also to be allotted to subsidize growing of vegetables under glass, to stimulate investment for purchasing agricultural equipments and devices and irrigation and hail-suppression systems. In addition, the state is going to encourage equipping and upgrading animal breeding farms, purchasing stud and preserving gene pool, as well as to stimulate investment into development of infrastructure on processing and packing harvested production.

At the same time, as compared with the previous year, after consulting representatives of the branch ministry and non governmental organizations in the sphere of agricultural sector, the government has decided to stop allotting subsidies to purchase fertilizers and cover irrigation costs.

The resolution adopted by the government stipulates more perfect procedures of acceptance, consideration and authorization of applications for subsidies, better control over effectiveness of the budget means use, as well as more transparent criteria for subsidizing, etc. It should be reminded that in 2011 the Fund for subsidiaries to agricultural producers was also 400 mln. leis.