// IP Marketing video - START// IP Marketing video - END

Armenian farmers to benefit from preferential loans

Armenian farmers to benefit from preferential loans

PanARMENIAN.Net - 35 600 farmers have already benefited from government-allocated agriculture preferential loans, Agriculture Minister said.

Sergo Karapetyan noted that starting from September, Armenian farmers will get preferential loans at the amount of AMD 7,5 bln.

He further said that the program will bear a consistent nature, with loan terms probably to be reconsidered to boost their accessibility for villagers.

In 2011, preferential loans at the amount of AMD 17,4 bln. were allocated to 25 200 farmers in two stages, with 9 100 beneficiaries having received AMD 7,4 bln. subsidized loans in 2012

The maximum amount of preferential farm loans allotted totals AMD 3 mln with 14% lending rate, 6-month grace period and up to 2 years of maturity date with no early repayment penalties.

 Top stories
The official said that the EU countries have already issued a mandate for negotiating a corresponding document.
Iran plans to increase natural gas exports to Armenia from 1 million cubic meters per day to 3 million cubic meters in the next few years.
“The two sides are currently preparing the required infrastructure for boosting natural gas exchange,” NIGEC chief Alireza Kameli said.
Sargsyan said fingerprints of some 1.5 million potential voters will have to be collected which requires a lot of work.
Partner news