The President, with a view of improving the system of financing expenses for cultivation and harvesting of raw cotton, increasing interest of producers of raw cotton and creating favorable conditions for deep processing of products, decrees to introduce a financing procedure starting from the 2022 harvest at the expense of the Fund for state support for agriculture, according to which: (a) allocation of financing of the cultivation of raw cotton and harvesting thereof is carried out through cotton-textile clusters and elite seed farms as part of the Seed Development Center; (b) commercial banks at the expense of the Fund's resources allocate preferential credits to cotton-textile clusters for growing cotton in the amount of up to 60 percent of the cost of raw cotton at the interest rate 10 percent per annum (including bank margin - 2 percent) for a period of 24 months including a grace period of 18 months starting from the 19th month - with the condition of return within the next 6 months in equal shares; (c) elite seed farms that are part of Development Center for Seed Production shall be financed for the cultivation of raw cotton in the amount up to 60 percent of the cost of raw cotton at a rate of 10 percent per annum (including the bank's margin - 2 percent) for a period of 14 months; and (d) cotton-textile clusters and elite seed-growing farms that are part of Development Center for Seed Production shall be eligible for financing cotton harvest - up to 20 percent of the cost of raw cotton at a rate of 10 percent per annum (including bank margin - 2 percent) for a period of 12 months, including a grace period of 3 months.