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ARMENIAN GOVERNMENT TO INCREASE LOAN SUBSIDIES TO FARMERS Posted on: 08-11-2014

 The Ministry of Agriculture of Armenia will increase the subsidies for the interest rates of the agricultural loans. The Deputy Minister of Finance, Pavel Safaryan, stated the aforementioned at Friday’s 2015 State Budget draft deliberations at the National Assembly. As per Safaryan, these increased subsidies are due to the following: In the case when the abovementioned loans’ 4-6 percentage points were subsidized in the past and solely for the farmers in Armenia’s high mountainous and border villages, next year, however, the 6 percentage points will be applied to all village farmers.

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