Credit as a source of financing the activities of agricultural producers

The article considers the main activities of the credit policy of a commercial bank for thedevelopment of agricultural lending. The development of agriculture is a priority task formany states, including Russia. One of the ways to stimulate development is lending to theagricultural sector, which allows improving the quality and standard of living not only ofcommodity producers, but also of the population, and strengthening the potential ofagricultural producers. Lending is a powerful mechanism for financial support of the agro-industrial complex. Agriculture is a strategic industry in Russia that requires comprehensivesupport, which is provided, in particular, with agricultural loans. Rosselkhozbank JSC is aspecialized banking institution, which was originally created to provide material assistance toagriculture. That is why the bank has built a clear scheme for lending to the agriculturalsector and identified all the main aspects. In this regard, the banking sector occupies aspecial place in the activities of agricultural producers, since it is often more profitable for thelatter to increase their business through concessional lending by banking organizations, andnot by “search” for subsidies and subsidies from the country's budget. Rosselkhozbank JSCis a universal bank providing services to individuals and legal entities. In accordance with thecharter of a banking organization, it has the right to carry out operations, among which themost popular services and products for private clients are lending, placing funds in deposits,issuing debit and credit cards, providing mortgages, etc. One of the competitive products ofthe bank is concessional lending to agricultural producers which is provided as part of thestate program to support agriculture and rural areas.