Indian Journal of Science and Technology
Year: 2011, Volume: 4, Issue: 8, Pages: 986-989
Yaghoub Ansari1 , Seyed-Ali Hosseini-Yekani2 and Seyed-Mohammad Mahdavinia3*
1Business Administration, Department of Economics, Armenian State Agrarian University, Yerevan, Armenia.
2Department of Agricultural Economics, Sari Agricultural Sciences & Natural Resources University, Sari, Iran.
3Department of Management, Isfahan University, Isfahan, Iran.
In order to achieve the economic growth and development, some specific plans and mechanisms in social, cultural and economic fields are required. Strong financial markets are among such specific mechanisms in the economic area which in turn requires powerful financial institutions. In this research, abilities and restrictions of financial system of Kohgiluye & Boyer-Ahmad province of Iran have been reviewed and discussed that the substantial proportion of required agricultural credits of province farmers is provided by the formal sector of financial market, especially Agricultural Bank of Iran. The interest rate of formal sector credits is much less than the rates of interest applied in the informal sector even by enumerating administrative costs. Finally, the financial market development strategies of agricultural sector of the province have been determined.
Keywords: Financial Market, Broker, Capital, Agriculture, Facilities, Bank, Iran.
Subscribe now for latest articles and news.