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Iran's Subsidies Targeting Organization makes payments in agriculture sector

Business Materials 18 September 2021 18:58 (UTC +04:00)
Iran's Subsidies Targeting Organization makes payments in agriculture sector

BAKU, Azerbaijan, Sept. 18

By Elnur Baghishov – Trend:

The Iranian Subsidies Targeting Organization paid 17.4 trillion rials (about $413 million) to the Ministry of Agriculture Jihad of Iran for the guaranteed purchase of products in the agriculture sector in the current Iranian year (March 21, 2020 through March 20, 2021), the Head of the organization Omid Hajati said, Trend reports citing the organization’s website.

Hajati said that the money was paid to the Ministry of Agriculture Jihad of Iran in three stages. Thus, 7.87 trillion rials (about $187 million) was paid in the first stage, 3 trillion rials (about $71.4 million) – in the second phase and 6.5 trillion rials (about $155 million) – in the third stage.

"Also, the Iranian Subsidies Targeting Organization will pay a total of 3.5 trillion rials (about $83.3 million) to the Iran Veterinary Organization in connection with the vaccination of animals. So far, 1.75 trillion rials (about $41.6 million) has been transferred to the organization's account," he added.

The official noted that in cooperation with the Ministry of Agriculture Jihad and Iran Veterinary Organization, the Subsidies Targeting Organization is taking steps to meet the needs of farmers and cattle-breeder and provide them with support.

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