Code 222917
PublishDate: Wednesday, April 14, 202112:25

Loans to 7,000 Afghan Famers Through ADF

Kabul: At least 7,000 Afghan farmers will get loans from the Ministry of Agriculture, Irrigation and Livestock in the current solar year through the Agricultural Development Fund (ADF), a program lead and financed by the United States.

Afghan Voice Agency (AVA)_The United States Agency for International Development (USAID) has invested over 1 billion and 800 million afghanis in the ADF, for the current solar year.

The process to receive applications for receiving loans has been started and will continue until the end of the solar year, the ministry said.

“The Agriculture Development Fund is planned to grant 1.8 billion Afs (over $23M) in loans to over 7 thousand farmers in the current year (1400),” said Akbar Rustami, MAIL spokesman. He added, “The loan distribution process has begun since the beginning of the fiscal year.”

The United States’ USAID program each year contributes a significant fund to the Afghan Ministry of Agriculture, Irrigation, and Livestock under the Agriculture Development Fund.

The Academy of Sciences of Afghanistan (ASA), meanwhile, criticized the loan program under ADF, who said that establishing agricultural development bank would support the efficiency of these loans.

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