Agroinsurance

NEWS

Armenia - Government to subsidize agricultural loans

09.03.2015 175 views

The Government of the Republic of Armenia in 2015 will subsidize the agricultural loans by 6%.

The Minister of Agriculture of the Republic of Armenia Sergo Karapetyan reminded that since April 2011 the agricultural loans were provided with accessible interest rate (14%) and the 4¬6% of which were subsidized for 255 needy communities.

“It is expected that with the adoption of the project, the level of the agricultural loan accessibility will rise and preconditions will be created for economic stability, increase of the competitiveness of local products and the volume growth”,- said Sergo Karapetyan.

Source - http://armenpress.am/

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