  Armenian farmers to benefit from preferential loans August 24, 2012 - 19:55 AMT PanARMENIAN.Net - 35 600 farmers have already benefited from government-allocated agriculture preferential loans, Agriculture Minister said. Sergo Karapetyan noted that starting from September, Armenian farmers will get preferential loans at the amount of AMD 7,5 bln. He further said that the program will bear a consistent nature, with loan terms probably to be reconsidered to boost their accessibility for villagers. In 2011, preferential loans at the amount of AMD 17,4 bln. were allocated to 25 200 farmers in two stages, with 9 100 beneficiaries having received AMD 7,4 bln. subsidized loans in 2012 The maximum amount of preferential farm loans allotted totals AMD 3 mln with 14% lending rate, 6-month grace period and up to 2 years of maturity date with no early repayment penalties.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
