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.
International transportation routes discussed in Dushanbe
The Qosh Tepa canal causes water shortages in Central Asian downstream nations of Uzbekistan and Turkmenistan
More than 1,700 people recognized as victims in the Crocus terrorist attack case
Slovakian court says man from Tajikistan poses danger to Slovakia
Emomali Rahmon lists Tajikistan's major achievements over 30 years of independence
Government discusses amendments proposed to the country’s laws on state border and holidays
EU announces commitment to invest €10 billion in sustainable transport connectivity in Central Asia
HRW calls on Uzbek authorities to repeal the offense of insulting the president online
Tajikistan's Ministry of Justice recognizes a change of the head of the Democratic Party
Tajikistan invites China to invest in in its industrial, energy and transport sectors
All news
Авторизуйтесь, пожалуйста