Agriculture Ministry of Armenia: In Jan-May 2018 47 beneficiaries  were provided with 81 units of agricultural machinery under state  program of subsidizing leasing 

ArmInfo. 115 beneficiaries became participants of the state program of subsidizing leasing between April 1, 2017 and , 2018 May 31 this year, who were granted a  total of 245 units of agricultural machinery, including 103 tractors,  2 combines and 140 units of other equipment, the press service of the  RA Ministry of Agriculture informs.

According to the source, in January-May 2018 alone 47 beneficiaries  were granted 81 units of agricultural machinery, including 35  tractors and 46 units of other equipment. 

Within the framework of the program, lease holders have the  opportunity to purchase various agricultural equipment on lease on  the following terms: prepayment - 20%, interest rate - 2% yearly. The  repayment period varies from 3 to 10 years depending on the type of  equipment: combines - 10 years, tractors - 3-6 years, and other  equipment - 3 years.

Repayments are made monthly on the principle of repayment of the main  debt in equal shares, and the interest rate is calculated on the  residual loan amount. In addition, at the request of the le se  holder, a deferred payment of up to 6 months is applicable.

Under this state program, it is possible to purchase tractors of  different brands, grain harvesters, balers, seeders, plows, mowers,  potato-sowers, potato diggers, cultivators, trucks, sprayers and  other agricultural equipment.

A video of the program implementation process is available by  following link:   https://www.youtube.com/watch?time_continue=1&v=fe-pN6A54Ec To  recall, the state program of subsidizing leasing started on April 1,  2017 with the signing of a memorandum between the Ministry of  Agriculture of RA and the Bureau for Implementing Rural Development  Programs of the RA Government Staff, as well as other participants of  the program: Spetsmash LLC (Gorgeous Gardens LLC ), Motoblok LLC,  Haloper LLC, CARD AgroService CJSC, ACBA Leasing  company, Universal  Credit Company (UCC), Farm Credit Armenia, Card Agro Credit and  Development and Investment Corporation of Armenia "(DICA, formerly  referred to as" SME Investments").