Providing agricultural machinery with government support

On January 31, an agreement was signed between the Armenian Development and Investment Corporation and the "Spetsmash" company on the state leasing program in the Republic of Armenia, according to which provided agricultural machinery and tractors will be used in Marz of Shirak.

Purchase of agricultural machinery is 20% prepayment, annual interest rate is 9%, of which 7% is subsidized by the state, as a result of which the farmer pays 2% leasing rate for 3-10 years, depending on the type of equipment.

For more information, farmers can apply to the Armenian Development and Investment Corporation, the regional affiliates of the Ministry of Agriculture, the regional affiliates of the Small and Medium Entrepreneurship Development National Center of Armenia.