Minister: In 2017, Armenian government will allocate 1.2bln AMD for subsidizing interest on leasing of agricultural machineryMinister: In 2017, Armenian government will allocate 1.2bln AMD for subsidizing interest on leasing of agricultural machinery

ArmInfo. In 2017, the  Armenian government will allocate 1.2bln AMD for subsidizing interest  on the leasing of agricultural machinery, on February 16 at a press  conference in Yerevan, the Minister of Agriculture Ignati Araqelyan  said.

According to him, the leasing of agricultural equipment support  program will be presented to companies and agencies for discussion in  next week. The main objective of the program will be to ensure low  interest rates, which will allow farmers and farms to buy farm  machinery on favorable terms.

To recall, on January 26, at a government meeting, Prime Minister of  Armenia Karen Karapetyan instructed Agriculture Minister Ignati  Araqelyan to submit a draft program to promote leasing of  agricultural machinery within one month. The Prime Minister also  instructed to meet with representatives of the manufacturers of  agricultural machinery from Russia and other countries to discuss the  terms of delivery in a 15-day period. "We need to implement this  program intensively and consistently ", Karapetyan said.