The Government Will Subsidize the Agricultural Loans
RA government is subsidizing the agricultural loans staring April 1st, 2011. The information was provided today by the minister of finance Vache Gabrielyan. The loans will be provided by three banks: ACBA Credit Agricole Bank, Ardshininvestbank and Conversebank. The loans will be provided for annual 14% rate, 4% of which will be subsidized by the state and will be given to the farmers with preferential payment terms. The farmers will only have to start repaying the loans after 6... more »
