AKIA gave loans for more than AZN 65 million

Over Jan-Nov 2021 the Agrarian Credit & Development Agency (AKIA) under the Ministry of Agriculture of Azerbaijan gave subsidized loans for AZN 65.6 million to 4,175 individuals and legal entities operating in the agricultural sector.

banks.az reports that loans for AZN 39.5 million accounted for machinery and equipment, AZN 2.3 million for medium and large agricultural purposes, AZN 23.5 million for micro-loans.

At that, in Jan-Nov 2021, AKIA determined sales of 7,607 facilities of agricultural machinery.

For the first 11 months of 2021 AKIA also gave loans in the total amount of AZN 260,000 to 194 farmers for the purchase of 6,279 heads of breeding animals and subsidized finances in the amount of AZN 14.1 million.