TEHRAN - Deputy Minister of Agriculture for Planning and Logistics Jalal Rasulov said here on Sunday that Iranian Agriculture Investment Company has been established with a total capital investment of Rls.132.5 billion. Speaking at a press conference, Rasulov said the capital has been provided through sale of 192,000 shares to the public. The Agriculture Ministry affiliated company was scheduled to be formed with a Rls.100 billion capital, but, the people contributed to the company more than expected, IRNA reported.

Elaborating on the programs of the Agriculture Ministry for the next four years, Rasulov said the ministry has planned to remove the obstacles in this sector by forming credit cooperatives, and credit fund with partnership of farmers. He said the fund and cooperatives will operate at provincial level throughout the country. Rasulov said the government is required to make more investment in agriculture sector by forming financial and credit cooperatives at rural areas to support agriculture.