BAKU, Azerbaijan, April 22. The Agrarian Credit and Development Agency (ACDA) financed the sale of 2,480 agricultural machinery and equipment from January through March 2025
Data obtained by Trend from the Agrarian Research Center under the Ministry of Agriculture of the Republic of Azerbaijan indicates that the agency granted subsidized loans totaling 19.6 million manat ($11.5 million) to individuals operating in the agricultural sector on 1,036 applications.
Of the total amount, nearly 19.5 million manat ($11.4 million) were allocated for machinery and equipment loans, 50,000 manat ($29,411) for concessional loans, and around 78,000 manat ($45,882) for microloans.
Moreover, the report highlights that during the same period, the agency allocated 1.8 million manat ($1 million) for the purchase of livestock, specifically breeding cattle, and 25.5 million manat ($15 million) for the acquisition of agricultural machinery and equipment.