ArmInfo. The Government of Armenia presented the second package of measures to neutralize the economic consequences of the pandemic of the coronavirus (COVID-19).
So, according to the executive body, all interest rates on agricultural loans and leasing operations in agriculture were canceled, that is, the state will fully subsidize interest rates on loans.
"The loans for the development of agricultural cooperatives, interest rates will also be 0%, in addition to which state co-financing is in the range from 10% to 70%, depending on the purpose of the loan.
In addition to the 0% interest rate on loans for the pig farming and poultry sectors, a 30% co-financing is also provided, which will reduce the risk of the bank and stimulate the development of these areas of the agricultural sector.
For microcredit loans of individuals, a zero interest rate is also applied.
