Pilot Program to Support Investment Projects in Livestock Breeding

BENEFICIARIES

The beneficiaries of the program can be economic operators implementing an investment program of at least AMD 1.0 billion (Not less than AMD 500.0 million for entrepreneurs operating in the settlements of the border communities receiving social assistance included in the list approved by the RA Government Decree No. 1444-N dated December 18, 2014) in the livestock, beef, pork, and poultry sectors, which: • have a good credit history, i.e., according to ACRA, during the 12 months preceding the date of application, have not had overdue credit obligations for 60 days or more or have no established credit history, • have a good tax history, i.e. no administrative proceedings for collection of outstanding tax liabilities have been initiated within 365 days preceding the date of application, or there are no outstanding tax liabilities as of the business day preceding the date of application.

CONTENT

The purpose of the pilot program to support investment projects implemented in the livestock sector of RA is to promote the increase of investments in the sector, increase the level of self-sufficiency in livestock products stimulate local production, increase the level of attractiveness of the sector through partial compensation of investments made in increasing the production of local livestock products in the republic. The RA Ministry of Economy will implement the partial reimbursement process in 2 stages based on the conclusion on the compliance of investments with the project requirements and size (volume). The maximum amount of compensation provided to one beneficiary will be equal to 40% of the realized capital investments, but not more than AMD 3.5 billion.

https://www.arlis.am/DocumentView.aspx?docid=194537

LIMITATIONS

There are no limitations.