May 16, 2011 - 17:18 AMT
Agriculture Ministry: subsidized agriculture credits extended to 6000 farms

Subsidy of agriculture credits is permanently monitored by Armenian Agriculture Ministry.

As Armenian Minister of Agriculture Sergo Karapetyan stated at the parliament, at present, credits to the total amount of AMD 4 billion 200 million were extended to about 6000 farms.

The credits are allocated at 14% annual rate, with 4-6% subsidized by the government. Crediting process is facilitated to exclude any issues in the process.