Agrarian Credit and Development Agency disburses over $11.5M in loans for 1Q2025

During the first quarter of 2025, the Agrarian Credit and Development Agency, operating under Azerbaijan's Ministry of Agriculture, granted concessional loans totaling 19.6 million manats ($11.529 million) to support 1,036 applications.

According to Report, 19.5 million manats ($11.47 million) were allocated for loans targeting machinery and equipment purchases, while 0.1 million manats ($58,823) funded other initiatives.

Additionally, between January and March, the agency directed 25.5 million manats ($15 million) towards subsidizing the sale of 2,480 units of machinery and equipment. It also provided 1.8 million manats (almost $1.06 million) to subsidize the sale of 456 heads of pedigree cattle.