OREANDA-NEWS. March 21, 2011. Russian Agricultural Bank and the Government of the Republic of Ingushetia 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.

In the course of Agreement implementation the Bank will increase the amount of lending to the agribusiness of Ingushetia. RusAg will extend investment loans for the implementation of regional lending programs on the development of priority agribusiness subsectors, for technical and technological modernization, and will provide further increase in agricultural outputs.

Moreover, Russian Agricultural Bank intends to extend credit support of various forms of activity in rural areas, not related directly to production and processing of agricultural goods: rural tourism and trade, folk arts and crafts, household and welfare servicing of rural population.