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Almost 20mn manat preferential loans provided to ensure food security in Azerbaijan: minister

Business Materials 26 August 2009 11:40 (UTC +04:00)
Almost 20mn manat preferential loans provided to ensure food security in Azerbaijan: minister

Azerbaijan, Baku, 25 August / Trend , U.Ismayilova /

Under the State Program on Reliable Food Supply in Azerbaijan in 2008-2015, in the fourth quarter of last year and the first half of this year, 775,000 manat was provided from all sources to six legal entities and individuals for the development of greenhouses for vegetable production, Azerbaijan's Minister of Agriculture Ismat Abbasov said an interview posted in the official press on August 25.

"Also 1.44 million manat was provided to 22 farmers for the resumption and planting of new fruit farms, promotion of exports of fruit," said the Minister.

According to him, within the program, 4.8 million manat was allocated to 71 people for livestock development for the production of meat. In the surrounding villages of Baku, 650,000 manat was provided for the development and intensive farming of beef, milk production, also 1.47 million manat was allocated to 12 farmers for the establishment and development of modern competitive poultry farms.

The Minister also noted that eight persons received 552,000 manat for the development of lake fisheries, four people - 121,000 manat for the development of beekeeping.

"All funds have been allocated to farmers and people involved in various branches of agriculture, on preferential terms and for a long term period," said the Minister.

Abbasov said that in order to increase agricultural production, prevent migration of rural populations, 9.222 million manat micro-loans were granted to 5,440 people for the development of livestock, 763,000 manat to 677 farmers for plant growing.

For the first time, the 2009 Public budget allocated 60 million manat to finance the activities on food security in Azerbaijan. The Public budget also allocated 10 million manat for agricultural lending.

Official rate on August 25 is 0.804 AZN/USD

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