OREANDA-NEWS. October 08, 2010. Russian Agricultural Bank and the Government of Chuvash Republic signed Cooperation Agreement on Implementation of the Federal Program on Agribusiness Development 2008-2012, reported the press-centre of RusAg.

In the framework of the Cooperation Agreement the Parties will ensure credit availability for the development of agribusiness enterprises, personal household plots, farms, for improvement of living standards in the rural areas, for construction, modernization and refurbishment of production facilities, and for purchase of agribusiness equipment and machinery.

This Agreement will contribute to the implementation of regional lending programs on the development of priority agribusiness subsectors and will provide further increase in agricultural outputs.