RA Minister of Finance: subsidized loans will reach villagers soon

PanARMENIAN.Net - On November 11, Armenian Minister of Finance Tigran Davtyan said that the Armenian Ministry of Finance has submitted to the government an offer on implementation of structural changes in the Ministry’s department for financing agriculture.

During the November 4 governmental sitting, Armenian Prime Minister Tigran Sargsyan criticized the activity of state institutions. As per a program approved by the Armenian government, residents of Armenia’s frontier regions have the opportunity to receive interest-free loans. However, the function was implemented with serious omissions for two years. Thus, the Prime Minister instructed Tigran Davtyan to submit a relevant decision to the government on implementation of structural changes within 10 days.

The Minister said that the head of this department has been dismissed. “On November 10, I met with the structure leadership and strictly instructed to take immediate measures so that the subsidies reach certain villagers,” said Davtyan.

According to him, the procedure for provision of loans to villagers will be simplified as well.