ArmInfo. As of June 9, 17 units of tractors and 8 units of other equipment were received as part of the state assistance program for the acquisition of agricultural machinery in the leasing of agrarians of Armenia.
According to the press service of the RA Ministry of Agriculture, 13 applications have been approved for the purchase of tractors, 19 more are under consideration. In addition, the investment program of two companies is being studied to create machine and tractor stations in the regions of the country. The total cost of the project is 350 million AMD. At present, credit organizations such as "Investments in small and medium business", "Card Agro Credit" and "AGBA Leasing" are involved in the implementation of the program.
To recall, since March 27, Armenia began accepting applications for the purchase of agricultural equipment in leasing. According to the program approved by the government, farmers will have opportunity to purchase agricultural machinery in leasing at a rate of 2% per annum. Another 7% will be subsidized by the state. As a result, it is expected that in 2017 about 2.2 billion AMD will be allocated for the purchase of agricultural machinery. To subsidize within the framework of the program of providing agricultural machinery for leasing in the next 6 years in Armenia, it is planned to allocate 500 million AMD, and in 2017 - 120 million AMD. If there is more demand, the government promised to consider the possibility of increasing its volume. "The beneficiaries of the program will be able to purchase agricultural equipment on favorable terms - at a rate of 2% per annum with a maturity of 3-10 years (small equipment - 3 years, tractors - 6, harvesters - 10)," Minister of Agriculture Ignaty Arakelyan said on 17 March.
According to the Financial Rating of Banks and Credit Companies of Armenia prepared by IC ArmInfo, the volume of leasing operations for the year of 2016 increased by 11%, amounting to 16.7 billion AMD. The main supplier of leasing services is the company ACBA Leasing, in the portfolio of which the agricultural sector accounts for only 3% of the investment.