Azerbaijan, Baku, May 29 /Trend A.Akhundov/
It is time to create a guarantee fund for agricultural lending in Azerbaijan, the Deputy Chairman of the Parliament Valeh Aleskerov said.
"Today, tax revenues from the oil sector have increased and exceed the forecast parameters. This suggests that entrepreneurship is developing and growing in Azerbaijan and its crediting play an important role in it," Aleskerov said during the discussion of the draft law On State Budget Execution for 2011 in Parliament on Tuesday.
However, he said, the volume of lending to agriculture in Azerbaijan do not correspond to the place it occupies in the economy.
"Not enough credits are granted to the entrepreneurs, since there are problems with collateral. It is necessary to create a special guarantee fund to solve the problem," Aleskerov said.
Aleskerov added that it will contribute to agricultural development and implementation of a large potential in this sphere.
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