During 9 months of the agrarian state program of subsidizing leasing 68 Armenian farmers received 164 units of equipment

ArmInfo. During the 9 months  of the agrarian state program of subsidizing leasing (April 1,  2017-January 1, 2018) 68 Armenian farmers received 164 units of  agricultural equipment: 68 tractors, 2 combines and 94 units of other  equipment.

According to the press service of Armenian Agriculture Ministry, the  implementation of the program will allow subsidizing 500 units of  equipment by 2.8 billion AMD a year, which will ensure the renewal of  2% of the farm machinery fleet.

Within the framework of the program, lessees have the opportunity to  lease various agricultural equipment on the following terms:  prepayment - 20%, interest rate - 2% per annum, maturity - 3-10 years  depending on the type of equipment: harvesters - 10 years, tractors -  6 years, and other equipment - 3 years.

"The main goal of the program is the use of leasing mechanisms to  supply agricultural machinery to farmers on affordable terms, which  will help create favorable conditions for the organization of  production and efficient use of agricultural land," the ministry said  in an official statement.