Farmers can purchase agricultural machinery and equipment from 44 manufacturers as part of the 25% compensation program

The updated List of domestic machinery and equipment for the agro-industrial complex, the cost of which is partially compensated by budget funds, includes 2,289 product nomenclature items of 44 manufacturers. This was reported by the press service of the Ministry of Economy.

"Supporting the domestic manufacturer and its development, stimulating demand for products made in Ukraine is the basis of our state policy. Thanks to the compensation program for the cost of agricultural machinery, we expect not only to provide an impetus for the development of Ukrainian machine-building enterprises, but also to help our farmers, who will be able to become more competitive in the market by reducing the costs of the main means of production. In addition, this program will help agricultural producers to update their fleet of equipment and become more productive," said First Deputy Prime Minister of Ukraine - Minister of Economy Yuliya Svyridenko.

This year, UAH 1 billion has been allocated in the budget for the implementation of the program. About 4,000 farmers will be able to benefit from state support. The program officially started at the beginning of April.

The list will be updated as new applications from machinery and equipment manufacturers are received and considered. To be included in the list, the manufacturer must submit an application and related documents to the Ministry of Economy. Applications for the inclusion of equipment in the list in the current budget period are submitted by October 31.

In order to receive 25% compensation of the cost of the purchased machinery or equipment, the agricultural producer must choose a supplier from the list on the website of the Ministry of Economy, purchase the necessary machinery and submit an application and supporting documents to the authorized bank.