BANKING LENDING IN THE SYSTEM OF FINANCIAL PROVIDING INNOVATIVE PROCESS OF AIC

The agro-industrial sector of the economy considering the factor of seasonality and climatic conditions is considered especially risky from the standpoint of conservative lenders, and even more so, financing its innovation process. At the same time, the existence of the agroindustrial complex in a break with innovations and advanced transformations in science and technology is impossible and requires close integration into the industry. Such convergence certainly needs proper access to financial resources, which is not always provided by self-financing and requires the attraction of external borrowings. In the process of assessing the credit support of the innovative process of agricultural enterprises, banking products were set up as a replenishment of working capital (overdraft, credit line, term loan), credit lines for the purchase of agricultural machinery, loan programs for construction of fixed assets, such as elevators, warehouses, etc. At the same time, a wide range of bank financing instruments indicates that it is credit protection and deprives agricultural enterprises of the possibility of attracting loans: high risk, interest rate higher than the profitability of the branch of agro-industrial complex, and the absence of a liquid collateral. The solution of the above problems is seen in the area of partnership relations in lending between banks and farmers through the creation of specialized lending institutions and elements of their infrastructure provision. Accordingly, banking institutions should take into account, as far as possible, the peculiarities of agricultural production in the provision of loans, and the subjects of the agroindustrial complex must prove the ability to use borrowed funds, providing a secure mortgage, and return them in a timely manner.