Video: Farmers Can Obtain Loans at 0% – Papoyan

The government is implementing numerous programs in the agricultural sector. This was stated by the Minister of Economy, Gevorg Papoyan, during a government meeting.

“This program particularly concerns small agricultural enterprises, which, for understandable reasons, often do not have the opportunity to make large investments. It provides access to affordable financial resources for engaging in the agri-food sector. A minimum of 1 million drams will be provided, with a maximum of 2 million drams. The government subsidizes the entire interest rate, provided that the government expenditure does not exceed 14%. Agricultural enterprises will be able to obtain loans at 0%, with a repayment term of 3 years,” said Minister of Economy Gevorg Papoyan. For more details, watch the video.