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Improving the creditworthiness and credit security of agricultural producers

Ulker Mammadova Shahin

ulker555@mail.ru

24439 ­ ­ AZ ­ ­ 38. November 2021 ­ ­­ ­ creditworthiness credit security agriculture digital technologies innovation information monitoring access to finance

Abstract

The article examines the opportunities to increase the level of credit security of agricultural producers in the context of facilitating access to finance. In this area, the important role of producer creditworthiness in facilitating access to finance was highlighted. Approaches to assessing this ability were commented, the current level was assessed and ways to improve it were studied. The importance of promoting the activity of small and medium-sized agricultural producers in the credit market, protection of export-oriented and innovative agricultural activities, accelerating the process of improving the organizational and legal support for the development of innovative and unsecured loans was highlighted. In order to increase the interest of banks in the agricultural sector, opportunities to optimize the role of the state in the regulation of the credit market, the promotion of agricultural cooperation were explored. Proposals were made on the use of digital technologies in the field to improve the provision of credit to agricultural producers, to improve the monitoring of lending, to improve marketing activities.

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AUTHORS

 

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Nijat. Muradov

Ph.D. student of the Institute of Economics, Ministry of Science and Education of the Republic of Azerbaijan

   

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Parviz. Aliyev

Chief of department, Agricultural Research Center
Ph.D. student of the Agricultural Research Center

   

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Vuqar. Namazov

Ph.D. candidate of the Azerbaijan State Economic University (UNEC)

   

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Umkhanim. Agakishiyeva

Teacher of Azerbaijan University of Architecture and Construction

   

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Talib. Huseynov

PhD student of the Agricultural Economics Research Center

   

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Zaur. Asadov

Azerbaijan State Oil and Industrial University

  Doctor of Philosophy in Economics  

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Gamar. Ibrahimova

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Galib. Sharifov

Head of the Department of Quality Management of "Agro Procurement and Supply" OJSC, ISO standards expert

  Doctor of Philosophy in Economics  

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Sabuhi. Eldarov

Research Institute of Plant Protection and Technical Plants

   

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Saadat. Hajiyeva

Agricultural Economics Research Center, Deputy director

   

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Ruhiyya. Gambarova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Leyla. Hajiyeva

Ph.D. student of the Agricultural Economics Research Center

   

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Tamraz. Tamrazov

Vegetable Research Institute

   

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Gunel. Naghiyeva

Master of Azerbaijan State University of Economics (UNEC)

   

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Rena. Musayeva

Department of “Economic Regulation” of Azerbaijan State University of Economics (UNEC)