DUSHANBE, April 20, 2011, Asia-Plus -- The government has earmarked a 90 million somoni credit for cotton growing farms for this year, but no one cotton-growing farm has applied to credit organizations for loan to date, Deputy Agriculture Minister, Sijouddin Isroilov, announced at a news conference in Dushanbe.
According to him, the main reason for refusal of farming units from the loans is a high interest rate on the government loans. Last year, the government loans were provided at annually interest rate of 10 to 12 percent.
Besides, the banks through which the government credit should be provided have not yet ended all procedures for issuing these loans, while farmers cannot wait, the deputy minister said.
“Moreover, cotton farmers earned good money last year due to rise in the international cotton prices and they now use their own funds for growing cotton,” Isroilov noted.
Islamic banking and finance is emerging in CIS member nations
Emomali Rahmon holds meeting with Tajiks living in Italy
Deputy head of Shahritous district detained on suspicion of bribery
Precious metals and gems account for 48.5% of Tajikistan’s total exports in Q1 this year
Tourism Development Committee releases the 2nd report on the risk of plague; this time, it says the risk is minimal
Eight members of Tajik opposition group detained in Rome
Tajikistan-Italy investment forum result sin signing of contracts worth more than US$160 million
Emomali Rahmon meets with WeBuild Group CEO in Rome to discuss the progress of construction of Roghun HPP
The population of Central Asia expected to exceed 1000 million by 2050
Tajikistan authorities warn about the risk of appearance of the plague in the country
All news
Авторизуйтесь, пожалуйста