YEREVAN, June 10. /ARKA/. Agricultural loans in the amount of 60 billion drams provided as part of the government assistance measures, designed to offset the consequences of coronavirus outbreak, are fully subsidized by the government, Economy Minister Tigran Khachatryan said on Wednesday.

Speaking at the National Assembly, he said these are loans that are provided to farmers at a zero rate or at the rate of 2-3% for purchased of machinery and equipment, installation of drip irrigation systems, raising pedigree cattle or establishing intensive gardens.

Categories: 121, 151, Exchange market, General news, News, News of the hour | Comments Off on Sixty billion drams worth agricultural loans are subsidized by government

Tags: agricultural loans, government

Read more

Only online applications for agricultural loans will be accepted, the ACBA-CREDIT AGRICOLE BANK said in a statement today

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on ACBA-CREDIT AGRICOLE BANK accepts only online applications for agricultural loans

Tags: ACBA-Credit Agricole bank, agricultural loans, online applications

Read more

A total of 18 billion drams have been set aside by the government for subsidizing loans provided by a set of Armenian banks to processing companies for the purchase of agricultural produces in 2018, the Agriculture Ministry said on Wednesday

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Some 18 billion drams set aside to subsidize agricultural loans

Tags: agricultural loans, Armenia

Read more