The volume of budget financing of the program of preferential agricultural mortgages will rise in 2020 three times and will amount to 3 billion rubles. the Reason for the expansion of the programme, according to Vice-Premier of Victoria Abramchenko, was an excessive demand from the population. However, the Ministry of agriculture in February sought to increase funding for agricultural mortgages because of her demand, but then encountered General reduction of financing of the state program on development of rural territories.Practice first months of preferential agricultural mortgage demonstrated program announced today by Vice-Premier of Victoria Abramchenko. Thus, the demand on the part of citizens is several times higher than the annual plan of granting such concessional loans. The volume of lending could reach 120 billion rubles., and the housing area — 4 million square metres has been allocated 1 billion rubles allows to produce about 28 billion roubles for the improvement of living conditions of more than 10 thousand families.”Rural mortgages” is implemented from the beginning of 2020 and allows citizens to buy a ready built house or to build individual housing. “The implementation of a “living” measure of citizens ‘ support is especially important in a pandemic. In addition, the program should be considered as an effective measure to support the development of housing construction, which is expected to follow the revival of economic activity in rural areas, growth of employment and a more active use of unclaimed lands for the needs of construction and agricultural production”,— explained Ms. Abramchenko.We will remind that the project of issuing preferential mortgage provides loans at interest rates from 0.1% to 3% and is part of the program of the Ministry of agriculture for the integrated development of territories. The Ministry of agriculture in February indicated a high demand for concessional lending from the regions have been targets for participation in the project more than 18 thousand citizens, which 3.5 times exceeds the financial resources of the programme, scheduled for 2020. The Ministry then insisted on increased funding for the state program, but the government reduced it from 2.3 trillion to 1.5 trillion rubles. Respectively, were reduced and targets for the share of housing from 50% to 43.2% by 2025. It was assumed that concessional lending for housing improvement will be able to get to 122 thousand families by the year 2025 against 201 thousand new housing will reach 1.3 million sq m against 2.3 million sq m (see “Kommersant” on 14 February). However, as pointed out by Minister of agriculture Dmitry Patrushev, preferential mortgage was to affect the implementation of two national objectives — ensuring sustainable population growth and improving housing conditions (see “Kommersant” on March 20).Diana Galieva