Ulaanbaatar
Loan of MNT 400 billion for agricultural development to be disbursed
Politics
Ulaanbaatar /MONTSAME/. At today's regular meeting of the Cabinet, a decision was made to issue a loan of MNT 400 billion with a 3 percent interest rate for the development of the agricultural sector.
Specifically, MNT 100 billion will be disbursed for the circulation of agricultural products, MNT 50 billion to vegetable farmers, and MNT 190 to wool, leather, and cashmere factories.
The Cabinet also submitted a resolution to the State
Great Khural to amend the livestock taxation in order to develop intensive
livestock breeding in agricultural areas within the framework of the ‘New
Revival Policy’. The draft provides for a tax of up to MNT 10,000 on each
livestock in agricultural areas.
