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Turkmen bank offering new type of loan to boost agriculture sector's growth

Finance Materials 31 May 2021 13:40 (UTC +04:00)

BAKU, Azerbaijan, May 31

By Jeila Aliyeva - Trend:

Turkmenistan’s Dajhanbank State Commercial Bank of Turkmenistan is helping local population to engage in agricultural sector and boost its development, Trend reports with reference to Turkmenportal information portal.

In particular, the bank offer a special Daýhan Karzy loan for those, who are busy with cultivation of cotton, wheat, rice and sugar beet in the country.

The loan is issued for a year in the amount of 10,000 Turkmen manat ($2,862).

The state provides targeted support for the development of the agricultural sector in Turkmenistan. In particular, the entire production infrastructure of the agro-industrial sector is being re-equipped and modernized, the chemical industry is developing, and modern tractors, combines, and other equipment are being purchased.

As it was reported earlier, the work is underway to introduce digital technologies into the Turkmenistan’s banking sector.

The introduction of digital technologies into the banking sector of the country will expand the range of banking services and the capabilities of the national payment system provided to customers, as well as increase the competitiveness of credit institutions.

In general, the country's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of non-cash payments is increasing, and payment for goods and services is being implemented through banking terminals.

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Follow the author on Twitter: @JeilaAliyeva

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