ArmInfo.The RA Ministry of Agriculture, the Office for the Implementation of Programs for the Economic Development of Rural Communities and the DCCA (DICA) Corporation signed a memorandum of cooperation within the framework of the program on subsidizing interest rates on loans to the agri-food sector.According to the press service of the ministry, under this state program, loans to business entities are provided at an interest rate of 5%, agricultural cooperatives - 3%, and for those living in border settlements and receiving social support entities a rate of 0%.
These are dram loans, the amount of which in the framework of the program is from 3 million to 15 million drams, and the repayment period is up to 5 years."The program aims at expanding the capabilities of business entities, introducing modern technologies and improving the efficiency of the agricultural sector through partial subsidization of interest rates and improving credit conditions in the agri-food sector," the report said.Economic entities wishing to become beneficiaries of this state program can contact ACBA-Credit Agricole Bank, Converse Bank, UKK <CARD AgroCredit>, UKK <Farm Credit Armenia>, UKK <Kamurj>, UKK <Aniv>, Agroleasing LLC, and now in the UKK "DICA".
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