BAKU, Azerbaijan, June 9
By Fidan Babayeva – Trend:
As of June 1, more than 9.2 million manat ($5.4 million) have been allocated to farmers in Azerbaijan for spring sowing, the Agrarian Credit and Development Agency under the Azerbaijani Ministry of Agriculture told Trend.
“The subsidies for spring crops were paid to 17,355 farmers,” the agency said. "Farmers sent the applications related to 61,245 land plots for spring sowing, of which 33,350 were approved. The monitoring is underway at 9,108 land plots.”
On April 14, President of Azerbaijan Ilham Aliyev signed a decree on the allocation of funds to improve the process of providing agricultural producers with microloans in terms of the coronavirus pandemic and in the further period.
In accordance with the decree, 30 million manat ($17.6 million) are allocated from the Azerbaijani Presidential Reserve Fund to the Agrarian Credit and Development Agency under the Ministry of Agriculture envisaged in the state budget for 2020 for the issuance of non-guarantee loans in the agricultural sector to meet the needs of agricultural producers for funds during the coronavirus pandemic and in the post-pandemic period.
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