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AZN 5 mln. to be allocated from 2020 state budget to Agricultural Insurance Fund

14 December 2019 11:05 (UTC +04:00)

"For development of charter capital of the Agricultural Insurance Fund, AZN 1 mln. from 2019 state budget, AZN 5 million from 2020 state budget, and AZN 3 million from 2021 state budget will be allocated", APA reports.

This has been stipulated in the Charter of the “Agricultural Insurance Fund” approved by decision of Prime Minister Ali Asadov.

Charter of the Agricultural Insurance Fund consists of 11 articles. Purpose of the activity, functions and rights, management, charter capital, property and basis of financial activity, creation and submission rules of audit, payment, and accounts of Agricultural Insurance Fund and other issues have been reflected in the Charter.