DUSHANBE, November 4. 2010, Asia-Plus - The Lower Chamber of Tajikistan’s Parliament has approved allocation of a 90mln Somoni loan for cotton growing farms in 2011, Safarali Rajabov, Head of the Committee for Economy, Budget, Finance and Taxes of the Majlisi Namoyandagon of the Majlisi Oli of Tajikistan, spoke today at a regular session of the Lower Chamber of the Parliament where the 2011 state budget has been discussed.

He said that budget funds will be allocated through Tajikistan’s banking system. Annual interest rate will make 10% and credits should be repaid by April 1 2012.

Rajabov noted that credits will be allocated out of repaid debts of cotton growing farms.