BAKU, Azerbaijan, December 26. The Agrarian Credit and Development Agency under Azerbaijan's Ministry of Agriculture issued soft loans totaling 68.6 million manat ($40.3 million) from January through November 2023, Trend reports.
The Agency noted that 3,532 individuals and legal entities received loans.
Agrarian Credit and Development Agency under Azerbaijan's Ministry of Agriculture was established in accordance with Presidential Decree No. 467 of October 23, 2004 "On measures to improve management in the agricultural sector".
The Agency ensures attraction and utilization of credits for the purpose of state support of individuals and legal entities engaged in entrepreneurial activity in the agrarian sector.
The agency's activities cover the following areas: provision of agricultural credits on favorable terms, subsidies to farmers, project management, attraction of investments in agriculture.