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Farmers granted 6.1b loans since 2015

Farmers granted 6.1b loans since 2015

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Jun 20, 2018 - 17:31

KABULinfo-icon (Pajhwok): The Ministry of Agricultureinfo-icon, Irrigation and Livestock (MAIL) has granted loans amounting to 6.1 billion afhganis to farmers in the country, showing above 75 per cent increase since 2015.

MAIL and USAIDinfo-icon conducted a survey “National Survey on Supply, Demand and Financial Services for Farmers” in one year, interviewing almost 7000 farmers.

The survey’s findings were shared at a press conference in Kabul by MAIL spokesman Akbar Rustami.

According to him, since 2015 till the ongoing year, more than 6.1 billion afghanis loans have been issued to farmers, with womeninfo-icon getting 11.5 percent.

The farmers received the loans from MAIL, banks and organizations assisting the agriculture sector, he said.

He said most of the farmers interviewed demanded increase in the loans and other facilities for agricultural development.

Hamdullah Hamdard, deputy technical director at the Ministry of Agriculture, Irrigation and Livestock (MALI), told the press conference that the result of the survey would help the ministry and partners in providing better assistance to farmers.

He said the ministry’s budget stood at 430 million afghanis and would give loans from this to farmers.

USAID's Agricultural Credit Enhancement Phase-II project director in Afghanistaninfo-icon told the press conference that most of the funds paid to peasants were small loans and most farmers wanted to take informal loans.

He also said agricultural loans were not public and that farmers needed different loans.

pk/ma

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