Azerbaijan Agriculture Ministry jointly with banks to monitor efficiency of use of rural loans

24.05.2018,12:42


May 24, Fineko/abc.az. The State Service of Agricultural Programs & Loans under the Ministry of Agriculture of Azerbaijan together with the authorized banks will monitor the effectiveness of the use of agricultural loans.

Service’s head Mirza Aliyev has stated that the service regularly encounters the problem of using loans by farmers for other purposes that later leads to emergence of problem loans.

"In this regard, the Service together with the authorized banks will monitor the given loans and the effectiveness of their use. At the same time, I’d like to note we don’t intend to create problems for farmers, but we want to make sure in financing use for its intended purpose," Aliyev said.