Agricultural Development Fund launched second CARMAC program

ArmInfo. The Agricultural  Development Fund has launched the second program, Competitiveness and  Management of Agricultural Resources in Communities (CARMAC). This  was reported by the press service of the RA Ministry of Agriculture.

"The program was launched in 2015 and is aimed at promoting the  agro-processing industry. In particular, we are talking about  processing horticultural crops, meat, fish, dairy products, honey,  growing valuable berries, etc.," Deputy Agriculture Minister Robert  Makaryan said. He said that the selection of subprograms will be  conducted on a competitive basis. In this regard, the deputy head of  the department said that financial assistance is provided for the  subjects of the agricultural sector, which have state registration,  including private entrepreneurs, production, consumer and  agricultural cooperatives, agro-processing enterprises. An exception  would be public organizations and funds, which meet the requirements  of the competition according to their criteria.

According to the source, participants will be given a month to submit  business programs. The minimum duration of the subprogram should be a  year, the maximum - 2 years. Financing is provided in the amount of $  8 thousand to $ 50 thousand. Target financing for subprograms is not  available to those applicants who failed or failed to successfully  implement a program, or have already been the beneficiary of this  program.

The program CARMAC (Competitiveness and management of agricultural  resources in communities) in Armenia is implemented by the World  Bank.