ArmInfo.The government of Armenia launched a new program to promote agricultural development.
According to the press service of the Ministry of Agriculture of the Republic of Armenia, the program is aimed at developing animal husbandry, increasing the production of meat and milk and reducing production costs. Thus, in order to purchase livestock of pedigree cattle, the annual rate on loans attracted will be only 2%.
For subjects of border regions involved in the program of social assistance, and agricultural cooperatives rate will be zero. The loan repayment period is 5 years. The maximum loan amount per beneficiary will be 300 million drams, and the cost of one animal should not exceed 1 million drams. Beneficiaries will be able to purchase breeding livestock of cattle from both local livestock farmers and import it from abroad.
To participate in the program, it is necessary to contact the combined financial structure by submitting a corresponding application form indicating the number of animals purchased, the place of purchase (address), and in the case of import - the terms of import. Earlier it was reported that the program aims to replenish the shortage of milk and meat in the amount of 100 thousand tons in the domestic market of the republic.
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