ArmInfo. On June 30, the Armenian government made a number of changes to the program "Subsidizing interest rates on loans provided for the purchase of agricultural raw materials" and extended the term for concluding contracts for the purchase of fruits and vegetables by 4 months.
Last year the government introduced a new instrument, with the help of which the state partially guaranteed loans for the purchase of agricultural raw materials, "so that agricultural producers can take as much money as they need, and not as much as they need for collateral.
As stated in the explanation to the document, by June 1, 1,510 contracts for the purchase of raw materials were concluded with 1,361 farms. Most are contracts for the purchase of vegetables, in particular tomatoes. "In recent days, due to logistics problems, there have been serious problems with the export of fruits, in particular apricots, and it is necessary to ensure that the apricot harvest is realized through purchases by processing enterprises, while the deadlines set for concluding contracts for the purchase of fruits and vegetables under programs do not allow entrepreneurs to sign new contracts with business entities and pay for the harvested crop," the document says.
