AGRICULTURE MINISTRY: SUBSIDIZED AGRICULTURE CREDITS EXTENDED TO 6000 FARMS

PanARMENIAN.Net
May 16, 2011 – 17:18 AMT

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.