Afghanistan — Historical Events Description

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Afghanistan
Event
Afghanistan Launches National Agricultural Loan Program
Category
Economic
Date
1973-07-31
Country
Afghanistan
Description

On 31 July 1973, Afghanistan launched a national agricultural loan program to provide credit for farmers seeking to upgrade equipment and expand production. The loans supported investments in irrigation pumps, seeds, and small machinery. Officials worked to reduce reliance on informal lenders who charged high interest rates. Early adoption was strong in provinces with established agricultural cooperatives. The program helped stimulate rural economic activity during the early 1970s.