5.5 billion KZT will be allocated in 2011 under the program of crediting of credit associations. The chairman of the National Holding KazAgro, Asylzhan Mamytbekov, informed at a government's meeting in Majilis of Parliament of Kazakhstan, the agency reports.

According to A. Mamytbekov, the program of crediting of credit associations was accepted seven years ago.

"5.5 billion KZT will be allocated for the first time for this program in 2011. For example, 1 billion was allocated in 2009 and in 2010 - 2.5 billion. Volumes of credits of the Ministry of Agriculture were cut down in 2009-2010, but these funds will be allocated in 2011."

There are 61 credit associations registered in the Republic.

Kazakhstan Today