BAKU, Azerbaijan, May 23. The Agrarian Credit and Development Agency (ACDA) has approved 1,707 applications from January through April 2025, granting a total of 32.3 million manat ($19 million) in concessional financing, Trend reports via the ACDA.
Of this amount, 28.9 million manat ($16.9 million) were allocated for loans designated for machinery and equipment, 784,500 manat ($461,470) for general concessional loans, and 2.5 million manat ($1.4 million) for microloans.
In the same period, ACDA also provided 2.6 million manat ($1.5 million) for the purchase of 673 head of pedigree cattle and allocated 39.4 million manat ($23.1 million) for the acquisition of agricultural machinery and equipment.
