ASHGABAT, Turkmenistan, Dec.9
By Huseyn Hasanov – Trend:
The State Bank for Foreign Economic Affairs of Turkmenistan has announced allocation of soft loans for entrepreneurs operating in the agricultural sector, Trend reports referring to the bank.
Loans, with a rate of one percent annually, for a period of up to 10 years are provided for the purchase of agricultural technologies, mechanisms and tools, as well as excavators and bulldozers used in agriculture and water management, water-saving technologies, equipment, and irrigation water pipes.
Loans at five percent annually for up to 10 years are purposed to finance investment projects related to the development of livestock and poultry farming, production and processing of agricultural products and the provision of services.
The loans are allocated in accordance to the decree of Turkmenistan’s president "On financial support for agricultural producers.”