Armenian farmers may claim loans at 2 percent rate

02.08.2017 17:27
Armenian farmers may claim loans at 2 percent rate

YEREVAN, August 2. /ARKA/. As part of a project designed to encourage Armenian farmers to switch to drip irrigation, the latter will be able to receive loans at a rate of 2% per annum for a period of three years, the press service of the Ministry of Agriculture said today.

Minister of Agriculture Ignaty Arakelyan traveled today to Armavir region, where he met farmers and discussed all the problems that concern them, the ministry said.

It said the minister advised the farmers to switch to drip irrigation, saying that the ministry had prepared a state assistance program for those who will do so.

"This program will enable to effectively use water and land resources, reduce water consumption by 40%, ensure a 40% increase in yield, improve the quality of the crop and expand the volume of cultivated land," the ministry said.-0-


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