RA government to allocate subsidies to agriculture at amount of AMD 200mln

PanARMENIAN.Net - During the 31 offsite sitting in Oshakan, Aragatsotn region, the Armenian government decided to allocate AMD 200mln to the Armenian Ministry of Agriculture to subsidize agricultural loans at the amount of 4%.

Armenian Prime Minister Tigran Sargsyan said that the governmental funds will be directed for three programs: assistance to the national organization dealing with production of organic fertilizers, which is ready to meet half of demand this year, will be provided under the first program.

Lax credits will be provided to villagers through commercial banks under the second program, the RA governmental press service reported.

Third, AMD 100mln have been already provided to several regions, which have been spent. 200 agreements were signed with entities there, while the government will continue this program.