BAKU, Azerbaijan, October 9.
Farmers' access to finance has become easier and simpler compared
to last year, Deputy Chairman of the Agency for Agricultural Credit
and Development (AACD) Elnur Musayev said at the 3rd International
Agro Business Forum, held in Baku on Friday, Trend's correspondent
reports from the event.
He noted that when farmers and entrepreneurs apply for financing
through authorized organizations, they sometimes complain about
additional requirements imposed by banks and other financial
institutions. Addressing the issue of access to finance is one of
the Ministry of Agriculture's key priorities.
"We are holding meetings with the Central Bank regarding this
matter; working groups have been established, and a state program
has been approved. We can see in the market today that accessing
finance is easier and simpler this year compared to last year. This
gives us hope that the situation will improve further next year,"
Musayev explained.
The agency's deputy chairman emphasized that both farmers just
starting their entrepreneurial activities and those wishing to
expand their operations can apply directly to AACD.
He pointed out that although the agency does not have the
authority to work directly with farmers and entrepreneurs,
applicants are referred to relevant authorized organizations, such
as banks, non-bank credit organizations, credit unions, and leasing
companies. Applications for financing reach AACD through these
organizations.
"We directly address every inquiry and every issue raised by
farmers and suppliers. Therefore, any farmer or agricultural
enterprise can contact us in writing or in person. Regardless of
the method of contact, whether by phone or during an in-person
visit, we strive to provide as much support as possible," he
added.
