Azerbaijan Agriculture Ministry doesn't plan to issue big soft loans
Baku, Azerbaijan, Jan. 29
Azerbaijan’s Agriculture Ministry does not plan to issue big soft loans in 2018, said Minister Heydar Asadov.
He made the remarks at a conference dedicated to the fourth year of implementation of the state program on socio-economic development of the regions of Azerbaijan in 2014-2018 in Baku Jan. 29.
Asadov said that over the past few years his ministry was satisfied with the allocation of micro-loans.
“Over the past four years, the total soft loans issued by the ministry amounted to 10 million manats. It was mainly micro-loans worth 15-20,000 manats,” he noted.
Asadov said that the reason for granting loans in small amounts is the provision of soft loans through the National Fund for Entrepreneurship Support.
($1 = 1.7001 manats on Jan. 29)