Ministry of Agriculture to Provide Grants to Farmers

The Ministry of Agriculture will provide grants to agribusiness in the framework of the project "Strengthening the competitiveness of agriculture." The goal is promoting a "value chain" in principle "from field to kitchen," the Ministry’s press service said.

Grants will be provided to address the problems in any part of the chain, which brings together producers, processors and buyers.

The process of forming the value chain started 6 months ago: an information campaign was carried out and help was provided to draft. Total selected were 20 projects in various fields of agriculture. The maximum amount of a grant was $ 500 thousand.

The loan agreement on the financing of the project "Strengthening the competitiveness of agriculture" was signed between the Azerbaijani government and the World Bank in June 2014. It is implemented by the State Service of Agricultural Projects and Loan Management at the Ministry of Agriculture. Over the past 12 months, 51 businesses received loans totaling 11 million manat. ------08D