Ulaanbaatar
MNT 230 billion in loans to be provided to flour producers and meat processing enterprises
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At today's regular Cabinet meeting, a decision was made to issue a loan of MNT 230 billion to flour producers and meat processing enterprises at a 3 percent interest rate.
Minister of Food, Agriculture and Light Industry Z.Mendsaikhan said at a press conference to introduce the decision of the Cabinet meeting that the Government will cover the net interest spread of MNT 25 billion. The Minister also stressed that this will help reduce the pressure of the increase in the price of meat and flour on the citizens.
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